Saturday, July 5, 2025

Latest

Bitcoin Jumps After Tesla Begins Accepting Crypto as Payment for Cars

The price of bitcoin rose by nearly 5% to above $55,000 on Wednesday, after Elon Musk confirmed that Tesla will now begin accepting Bitcoin as payment.

In a series of early-morning tweets, Tesla CEO Elon Musk said US customers will now officially be able to purchase Teslas using bitcoin— noting that international buyers will be able to use the cryptocurrency as payment later this year. “Tesla is using only internal & open source software & operates Bitcoin nodes directly,” Musk tweeted. This is likely so the carmaker doesn’t have to depend on a third party crypto trading desk such as the one provided by Goldman Sachs.

Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.” Musk added. The CEO’s tweets have caused significant movements in cryptocurrencies as of late, especially once Tesla made a $1.5 billion bitcoin bet which sent the digital coin surging to a new record in February.


Information for this briefing was found via Twitter. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Central Banks Ramp up Fight Against Cryptocurrencies in Effort to Control Global Monetary System

Central banks around the world have begun to take action against cryptocurrencies, after a recent...

Thursday, June 24, 2021, 02:43:00 PM

The Vanishing Teslas: Is Musk Concealing His Government Deals?

In another episode of pretending there won’t be conflicts of interest with Elon Musk’s government...

Friday, February 14, 2025, 12:40:00 PM

Elon Musk: Tesla Must Become More Involved in Lithium Mining

Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk, almost certainly the most influential business figure in...

Monday, April 11, 2022, 01:30:00 PM

Crypto Bulls Claim Qatar Is Putting $500B On Bitcoin, More Than The Sovereign Fund’s Assets

Rumors are circulating about Qatar’s Sovereign Wealth Fund (QSWF) eyeing a colossal $500 billion investment...

Wednesday, December 6, 2023, 11:21:00 AM

Elon Musk Appoints Linda Yaccarino as Twitter CEO, Whilst Reportedly Mulling New CEO for Tesla

Outgoing Twitter CEO Elon Musk confirmed rumours he will be appointing NBCUniversal head of advertising...

Friday, May 12, 2023, 03:24:01 PM