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5 years ago in LeoFinance by bitcoinflood
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I've been waiting for something like this to happen for years. If TESLA is the first domino to fall, we could see a massive windfall of money pour into BTC that makes previous bull rallies pale in comparison... I think that it will continue to happen slowly throughout the year. Most companies are likely still wary of adding BTC to their balance sheet and TESLA is in an enviable position of having A LOT of cash on hand, so it isn't as big of a risk for them as it would be for other larger corporations.
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More adoption is better and creates demand. However bitcoins fees are stupid high so it's really only good for large fund transfers compared to other solutions. Only a matter of time till those others start to take hold.
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This is really inspiring! Elon Musk is a very big man, the act of him investing his money in Bitcoin and receiving Bitcoin as payment for his products will influence so many people to invest in Bitcoin. This will cause Bitcoin to grow in value more and more!
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It could be huge for Bitcoin and Crypto itself as many people preorder his trucks and cars. Imagine preorders via Bitcoin and how much that will skyrocket the price!
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Absolutely! Maybe his trucks and cars will be overbought and Bitcoin will surprise us!
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Did he or did Tesla buy BTC? I am gonna check myself as well.
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Bitcoin has ARRIVED. When a big name like Elon buys, you know other billionaires are probably going to have a bit of bitcoin in their portfolio now. Wouldn't surprise me if this caused a domino effect. At least I hope so anyways.
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i trust elon musk as much as i trust a muskrat
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