Elon Musk is Opening The Pandora Box

[Kakmakr]

The Pandora's Box was opened when Laszlo Hanyecz ordered two large pizzas in May 2010 and paid for it with Bitcoin. This was probably the first transaction using cryptocurrency to pay for a product.  

Now, to be honest the online retail giant Overstock.com was the first significant merchant to accept Bitcoin as a payment option, so we should give them credit for that.

What we are seeing now is large mainstream businesses entering the Bitcoin market like PayPal and Tesla and I think many will follow their example in the future.  

[xSkylarx]

Such is the power of influence that Elon Musk is having in his fingertips, literally and figuratively. So do you think that this scenario can be possible - the coming in of more corporate buyers into Bitcoin?

It's really possible more popular institutions soon will invest in to bitcoin. A saw an article yesterday about a rumor on Apple investing in bitcoin and Oracle who is known as a multinational computer technology corporation also diving it bitcoin craze. This will drive bitcoin's price to a greater level and maybe $60k is possible this year or even sooner. His influence really brings a lot of impact to these famous institutions. The stereotype of bitcoin as a scam will slowly disappear because of him.

[so98nn]

Elon got no chills!  
We will soon envy him for the steps that he taken to promote the bitcoin indirectly. You never other countries will follow the richest and smartest guy and run into technical adoption of the bitcoin in the future. For ex. country like India is against bitcoin but is now place to manufacturing unit of Tesla and Apple. Considering Musk Vision to adopt the crypto currency will influence it's buyers as well as different financial authorities within India to think about crypto currency at least with an initiative. Today we are accepting his smart products, tomorrow comes his vision for sure.

[mindrust]

So, do you think that death and sickness, 51% attacks, Sybil attacks, thefts, and forks will be coming then next days?
What is the bad thing that is awaiting in the shadow now that Musk has bought bitcoin?
Or is it possible, I don't know, maybe, that you have no clue what Pandora's box means?

You are are right, Pandora's box only means bad stuff.

Since Crypto's rise is something good for the people that hold it, it is bad for the others that don't. I guess. Especially if it starts threatening the Dollar's throne. That's the Pandora for the FIAT holders.

Now see the worst scenario for the crypto holders:

The FED&the Gov may shutdown Coinbase, close all other FIAT gates, make Bitcoin and the other crypto completely illegal, jail the issuers of Tether for currency fraud and money laundering etc and that would pretty much kill Bitcoin. (Yeah maybe It would come back 100 years later when you get rid of all governments)

[elisabetheva]

Such is the power of influence that Elon Musk is having in his fingertips, literally and figuratively. So do you think that this scenario can be possible - the coming in of more corporate buyers into Bitcoin?

The @elonmusk phenomenon for me is the same as other analysts, it could be misinterpreted, what distinguishes @elonmusk is a real businessman. it is clear what is done can determine because he made a purchase with a clear purpose that allows sure to be profitable.

It's really possible more popular institutions soon will invest in to bitcoin. A saw an article yesterday about a rumor on Apple investing in bitcoin and Oracle who is known as a multinational computer technology corporation also diving it bitcoin craze. This will drive bitcoin's price to a greater level and maybe $60k is possible this year or even sooner. His influence really brings a lot of impact to these famous institutions. The stereotype of bitcoin as a scam will slowly disappear because of him.

as long as it is profitable, not only institutions but big traders will also participate in enlivening it, who does not want to receive the benefits of @elonmusk effect.
In fact, bitcoin last year was clearly influenced by outside because it should have seen this year's halving be an increase in bitcoin. so plus it has increased last year, bitcoin will easily reach renewable ATH again which may be even more phenomenal. we are waiting for it because there is still a long way to go for those who have not prepared there is still time.