Bitcoin Will Succeed Despite Opposition Just Like Tesla Did
For all of the opposition Bitcoin is facing these days; there is no reason for anyone to think cryptocurrency will go away anytime soon. It is not the first time a disruptive idea gets a lot of backlash before it is eventually embraced by the masses, indicating plausible survival chances for Bitcoin and its growth. Nikola Tesla and his alternating current concept share a lot of similarities with Bitcoin in this regard. Looking at things from a historical perspective, there has been a lot of opposition when it comes to innovation and disruption. One of the most prominent examples is Nikola....
Related News
Elon Musk’s electric car company, Tesla, has informed the U.S. Securities and Exchange Commission (SEC) in a quarterly filing that it may restart the practice of transacting in cryptocurrencies for its products and services. Tesla suspended accepting bitcoin in May, citing environmental concerns.
Tesla May Resume Accepting Bitcoin, SEC Filing Shows
Tesla Inc. filed a quarterly report with the U.S. Securities and Exchange Commission (SEC) Monday.
The company explained that during the nine months ended Sept. 20, it “purchased an aggregate of $1.50 billion....
Tesla CEO Elon Musk has hinted how many bitcoins Tesla owns after revealing that the fair market value of its bitcoin holdings was $1.47 billion as of June 30. Tesla Holding About 42K Bitcoins Tesla’s technoking, Elon Musk, has commented on how many bitcoins his electric car company owns in response to a rough calculation provided on Twitter by Tesla shareholder Dave Lee. In his calculation, Lee used $1.47 billion as the fair market value of Tesla’s entire bitcoin holdings as shown in the company’s Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC).....
Elon Musk’s electric car company, Tesla, has started accepting bitcoin payments. Musk, whose title is now Technoking of Tesla, also confirmed that all “Bitcoin paid to Tesla will be retained as bitcoin, not converted to fiat currency.” Tesla Now Accepts Bitcoin Tesla has begun accepting bitcoin payments. Elon Musk, who recently changed his title from the CEO of Tesla to the Technoking of Tesla, announced via Twitter Wednesday morning, “You can now buy a Tesla with bitcoin.” The bitcoin payment option has also been added to the Tesla website along with a page....
Earlier this year, in what appeared to be a massive win for the crypto space, Tesla began accepting payments in Bitcoin. The move was heralded for legitimizing Bitcoin’s transactional utility beyond just a speculative asset class. But now, Tesla is backtracking its monumental decision. Tesla CEO Elon Musk took to Twitter to announce that his […]
Tesla is facing more scrutiny over its $1.5 billion dollar bitcoin purchase. A Tesla board member who reportedly approved the company’s bitcoin buy deal is a cryptocurrency investor who also sits on the boards of two major crypto firms. Experts Question Conflict of Interest in Tesla’s Bitcoin Purchase Tesla is further under scrutiny over its bitcoin purchase as experts now question whether there is a conflict of interest surrounding a director who approved the company’s big bitcoin purchase, the Telegraph reported Tuesday. Tesla recently revealed that it bought $1.5....