Tesla Model BTC
So by now, you most likely know Elon Musk bought 1.5 billion US dollars of Bitcoin under his company Tesla. This rocketed the price of Bitcoin from around $38,000 to an all time high of $47,513.57.
If that wasn't bullish enough for you, Elon also announced Tesla will be accepting Bitcoin for their Tesla vehicles. This is something many have been asking about for a long time.
As you probably know, Tesla vehicles are not cheap and they even at these Bitcoin prices, 1 BTC will only get you an entry level Tesla without auto drive and some of the better features.
This is what I am going to call the Tesla BTC Edition.
It is a Tesla Model 3 with the Long Range Upgrade, white external paint job ($1,000), stock wheels and interior ($0), and no auto drive.
The nicer wheels will run you another $1,500, but at the current BTC price would be out of your price range if you wanted to drop 1 BTC on a Tesla.
The nicer Black & White interior would run you another $1,000. But the most important feature would be the Full self-Driving Capability. In fact, I wouldn't consider it a Tesla without it. That feature is a $10,000 add-on and puts it well out of the budget for 1 BTC.
Another Tweet about Bitcoin from Elon Musk may change that, it only needs to get to $59,000 to get a fully loaded Tesla Model 3. Some of the nicer models like the Model X will run you over $135,000 to get fully loaded.
I personally had no interest in getting a Tesla. I don't put a lot of value in cars, in fact I had two 2005 vehicles until two years ago. Now I have a 2019 Honda Accord and a 2005 Honda Accord. I can't say I'm not thinking about picking up a Tesla Model BTC myself.
An interesting thing about Tesla vehicles, Elon has been talking about a Uber like service operated by Tesla customer's vehicles autonomously while they are not being used. This would be a business owned by Tesla, but Tesla owners would be paid on behalf of their vehicles. I have always believed Truck Drivers would be one of the first jobs to be replaced with autonomous vehicles, but manned taxis may be a thing of the past in a decade or so.
When we were entering 2021, I was thinking BTC was going to break $50,000 and that would be a big achievement. We may break $50,000 this week, perhaps even in the next 24 hours.
My next target is $100,000, ultimately though I am hoping to see $250,000. I think we have a ways before we start seeing 6 digits, but if Warren Buffet came around with Bitcoin, there would be no stopping it.
Why you should vote me as witness
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All Tesla images are from Tesla.com
It was a trap all along!
Elon sent everyone to Doge while he scooped up BTC.
I know right, he probably bought a small amount of dodge. Sent everyone there. Profited, bailed out and then went to Bitcoin
Tesla BTC edition, nice motto.
Whats the flow on effects to other cryptos you think? Atm the world seems fixated on Bitcoin. Once Elon makes it a payment model then we will start to see more companies setting the standard.
Many moons ago when I did have bitcoin, a Cafe was accepting it. I thought it was fun so purchased my coffee with it. That bit would now be worth $1200 roughly.
I think that's a barrier with Bitcoin, we will end up in a world where the well off have control of it as they have the resources to dump into it.
But this just proves that it is never a bad time to invest in crypto.
It sounds nice the moto: Tesla BTC edition... Transactions from the confort of your car. In addition, you don't drive your car, so you focus in your transactions, maybe even trading. The mobile office blockchain.
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Bitcoin tends to pull everything up.
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I have had too many close encounters with deer, elk, and moose to pay new-car money for something one critter can total tomorrow. That said, I like the idea that a Bitcoin equals a new car, and Musk might make it more mainstream than anything else thus far.
That said, this is cooler than the Lambo meme.
You gonna buy a Tesla Marky?
Not likely, I'm perfectly happy with a Honda Accord but I have thought about it.
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I really hope a domino affect happens here. Not because it would help the price, but rather it would normalize the crypto industry with the mainstream public and break the government's propaganda of crypto as being something shady.
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It's only a matter of time now, the Bitcoin has shown it's worth.. it's here to stay ..
Hopefully 2021 is the year it breaks the $100k margin..it remains to be seen, the next billionaire to effect a pump..
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The last time I bought a car, private party, I offered the seller bitcoin for it. "Nah, too volatile." More purchasing power for me now. Good on Tesla/Musk, if they follow through with the plan to accept bitcoin.
What a strategy musk had.. Diverted everyone to Doge when the BTC price was at 38000 and then bought BTC close to 32000. Hmm.. I am not taking him as an investment advisor anymore.
Doge was just the distraction.
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Yeah, real smart of him. Nothing against him, though.
That's cool you got two accords
One is for my wife. We had a Hyundai and an Accord (both 2005) but we traded in the Hyundai about 2 years ago. It's amazing how well the Honda held up compared to the Hyundai, both were over 200K original miles.
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Tesla is doing well, this is amazing, great designs and the easy they are doing with btc amazes me
I'm grateful for living in this time! It's beautiful to watch cryptoverse expand to unseen territories!
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It's interesting and positive, this part where this Elon adopts Bitcoin as a buying method. I think it's his strategy to increase sales of his manufactured electric cars. In this way, by the summer of this year, it will have enough cars sold. From this point of view, the Tesla company is far above the other companies that deal with the manufacture of cars. Perhaps in time this experimental example will be followed by other important global car companies: Volkswagen, Toyota, Hyundai.. etc.. In that way Bitcoin can rise in his value up to 100.000 $.
Maybe.., just maybe we might see something on the news if this magical figure is breached. The Telsa story got around 5 seconds yesterday, but the price jump was barely mentioned.
Now if only Hive and Steem can get back to their alltime high of $8.10! Wouldn't that be incredible?
Steem has no where to go but $0. It is run by incompetent criminals. Once Justin has to pay out for the lawsuit, Steem will be done.
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it is going to 400k/600k buddy ;)
I love tesla
Why Warren?
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He hates cypto, especially Bitcoin and is considered an icon and legend in the finance industry. If he said to buy Bitcoin it would hit $100k overnight.
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He's been to gold despite all the hate he has for it.
I feel like he might join the crypto party this year, and you're right that would make the recent surge looks like a little bump :)
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Thanks for sharing this information .. the title of the post is brilliant
Headlines are 90% of a post.
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the certain thing is that Elon, knows what he is doing i believe his involvement in cryptos dates some years ago!
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Elon whales
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This sale sounds like the pinnacle of crypto for the month of February.
I am pretty sure some major companies are coming very soon.
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I am planning on getting my 3motor cybertruck with automated driving feature so btc has a little over 1yr to get into the 80k range. I will be setting aside that 1btc.
Ahhahahahahaha. The Tesla BTC Edition. I love it. Does Bitcoin look good in plaid? That'd be just about amazing to have a S Plaid for 1 BTC. That would definitely mean that Warren got to it, and probably Janet Yellen, too.
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That‘s also a good way of gathering BTC, exchange it for cars 🚗
Elon sent bitcoin to a new ATH, the pump seems not to stop anytime soon. The earlier, one grabs more bitcoin the better. While you accumulate, don't forget to keep hodl on a trusted and decentralized multi-coin wallet like that of https://atomicwallet.io/