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February 11, 2021, 05:21:34 PM |
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I feel like tesla accepting it will have a much much bigger impact on bitcoin price then the people who accepted for selling their tesla for bitcoin. Obviously we all know that it wasn't tesla that accepted bitcoin, it was just dealerships that accepted it, if you wanted to you could take bitcoin or even if you want to take monopoly money too if you want, that is not really widely important, but tesla accepting bitcoin is a huge news and should be seen as a bigger deal than made in the media.
If Tesla starts accepting bitcoin as payment, and people are willing to pay for it, tesla will probably not sell it that quickly, they will probably keep it as cash reserves and use the fiat for expenses, that is going to change a lot in the crypto world, it would allow them to gather so much of the old coins and hold it which will in return increase the price.
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