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RE: Elon Musk announces people can now buy Teslas with Bitcoin, which opens up some interesting possibilities...

in GEMS • 4 years ago

Wondering why would anybody want to buy Tesla with Bitcoin? Buying something of unlimited supply with something of limited supply?

Trading bitcoin for USD is understandable, you would probably buy it back, but trading bitcoin for a tesla is in no way a wise move!

4 years ago in GEMS by
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     4 years ago 

    And how will Tesla report it? A property (bitcoin) for a property (tesla)? or would it be two transactions for tesla? BTC to USD sale, and USD to TESLA sale?

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       4 years ago (edited)

      Someone bought pizza with Bitcoin. Always remember that. It kind of makes me think that Musk thinks the price of Bitcoin will rise and he will contribute his profits to SpaceX.

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         4 years ago 

        Yep, pretty interesting that they plan on hodling the bitcoin instead of converting it to cash.

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