Post
Topic
Board Economics
Re: Honda Now Accepts Bitcoin and Ethereum As Payment Methods
by
Inwestour
on 04/10/2023, 13:31:47 UTC
We really don't know what the future will bring, so it's a wait and see moving forward. But we all know that Bitcoin is moving ahead, specially that we will have the halving next year. So it might create more hype and again, not just Honda, there could other sector as well who will adopt crypto as one of their payment methods.
It's a good sign that when such adoptions occur in a bear market, things should be even more positive in a bull market. Musk once started selling Teslas for Bitcoins, but later canceled this opportunity due to the environmental aspects of Bitcoin mining.

Now that other manufacturers follow Honda's example, Musk will have no choice but to return Bitcoin to possible payment methods. I used to think that competitors would follow Musk’s example, but now everything may turn out to be the opposite.