“Bitcoin payments available now”
Musk’s tweet price surged again by 5%
Photo = AFP
Tesla, an American electric vehicle company, began selling cars for bitcoins on the 24th.
Elon Musk, Tesla’s CEO, posted on his Twitter today, “You can buy Tesla with Bitcoin from now on“Outside the United States, Bitcoin payments will be possible within this year.”
According to CNBC, the pre-tax price of the majority of electric vehicles sold by Tesla ranges from $39,990 to $124,000. As of 8:30 p.m. on that day, the price of Bitcoin at Coinbase, the US cryptocurrency exchange, is 56,451 dollars. If you only have two bitcoins, you can buy most Tesla cars.
Musk “The bitcoins received by Tesla will continue to be held without converting them to other fiat currencies.Tesla has bought bitcoin for $1.5 billion, which is 7.8% of its cash equivalents, and its holdings are expected to continue to increase.
Under the US accounting system, even if the price of bitcoin rises, it cannot be captured as an accounting profit unless it is sold. On the other hand, if the bitcoin value falls below the price at the time of purchase, it is recorded as a loss on the book. JPMorgan analyzed that “if 1% of corporate assets are allocated to Bitcoin, the volatility of the entire portfolio surges by 8%.”
Photo = News 1
Tesla plans to use’internal open source software’ for bitcoin payments and to directly operate bitcoin nodes. A node is a kind of server that has information that verifies whether a transaction is valid when buying or selling bitcoins.
As in the past, Musk’s “extraordinary tweet” hit the bitcoin price once again. Business Insider reported, “After Musk’s article was posted, the bitcoin price soared nearly 5%.”
The domestic bitcoin price, which had been weak, also showed a recovery trend. At 8:30 pm on the day at Bithumb, bitcoin was traded at 6.73 million won, up 3.21% (20.9 million won) from 24 hours ago.
Tesla announced on the 15th that it has given Jack Kirkhorn Chief Financial Officer (CFO) a new title of’Master of Coins’ in a data filed with the Securities and Exchange Commission (SEC). He gave Musk the title of’Techno King’. Local media interpreted it as a follow-up to Tesla’s purchase of Bitcoin.
Reporter Lim Hyun-woo [email protected]
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