Post
Topic
Board Bitcoin Discussion
Re: Tesla may once again accept bitcoin payments whether this is capital snobbery or
by
passwordnow
on 21/05/2024, 00:41:16 UTC
It may be that the recent news of BTC has been touched by the recent activity of Tesla CEO Elon Musk (Elon Musk), which once again triggered fluctuations in the value of bitcoin. He recently tweeted that Tesla may resume accepting Bitcoin as a payment method
I don't think that we should give him more attention with whatever he does now. With what's happening to the Bitcoin's price as of now, we've reached back to $71k in just a few span of minutes after it has just hit $70k. And to give an idea to the other people that have been an avid fan of Elon and his companies, whether he's in or not, the market will continue to go on and Bitcoin will flourish no matter what. I can't deny that there's a significance of his influence to it because many are his followers but he's always on an all talk guy for the memes so, spare yourself if you're an avid fan and don't take his words as financial advise if you're an investor of BTC.

Is this capital support for BTC or the hot event of BTC again? Which leaves us guessing
Not anymore. But we're on a bull run and again with talks like this will certainly gather the attention of the media and they'll for sure gonna publish headlines against that will have that tag line of Elon BTC, Tesla invests in BTC and whatnot. That's how the media is capitalizing with this although the significance isn't no longer compared years ago when it was a new news and selling like hotcakes. If you're an optimistic guy and enthusiast about adoption, you'd just welcome it whether they'd be back or not. Because with Tesla investing on BTC before and it was published, the market shoot and skyrocketed no doubt. But what's the bigger take of the market and community nowadays, are the financial institutions getting their space through BTC spot ETFs.