Here's Why Tesla Should Work With Bitcoin

Published 5 years ago on October 23, 2018

Here's Why Tesla Should Work With Bitcoin

Ever since Bitcoin and the crypto space was made mainstream through the media mid last year, many investors and enthusiasts of the industry have been splashing their cash on items of luxury such as Lamborghinis, Rolex watches and so on. During this time, the words on everyoneâ€™s lips were â€˜When Lambo?â€™ The phrase was used to indicate the need for a digital currency to make massive gains so that the owner of the assets would sell them to buy a Lambo. But what about Tesla? The dream to own a Lamborghini has since been put on hold by several crypto fanatics due to the state of the current bear market. The luxury vehicle costs on average of around quarter of a million to half a million USD. The idea of switching from Lambo to Tesla was provided courtesy of its CEO, Elon Musk who responded to a tweet by asking one of his followers if he wanted to buy Bitcoin. But the original tweet was regarding Muskâ€™s love for anime, however, the subject soon turned to Bitcoin.

Wanna buy some Bitcoin? pic.twitter.com/9ZbBJ5fuVq
â€” Elon Musk (@elonmusk) 22 October 2018

The tweets didnâ€™t go unnoticed though as the CEO of Binance, Changpeng Zhao responded to the set of tweets saying that heâ€™d buy a Tesla if they would begin to accept Crytpo. So why should Tesla work with Bitcoin? There are several similarities between the two industries. One of the big ones being that they are both trying to change the status quo of what is the norm. Tesla wants to introduce electric vehicles in a bid to save the environment. And on the other hand, Bitcoin want to bring the concept of decentralised financial transactions by allowing them to be on a peer-to-peer level. The global monetary system has been accused of being hidden in secrecy governments leaving you the average man. What are your thoughts? Let us know what you think down below in the comments!

Adrian Barkley

Adrian is an avid reader who first stumbled across Crypto after reading 'The Basics of Bitcoins and Blockchains' by Antony Lewis in 2018. Since then, Adrian has immersed himself within the industry, and has a real interest in Enterprise Blockchain solutions.