Market Wrap: ‘Elon Candle’ Effect Fades Quickly as Bitcoin Retreats Below $55K
Tesla got the market excited briefly, but bitcoin is still in consolidation mode.
The carmaker's assistance to BTCPay Server is another sign of its serious commitment to bitcoin, beyond holding it in its treasury and accepting it as payment.
Should you purchase a car with bitcoin and then need a refund, the manufacturer has some special terms and conditions.
Users will be able to purchase as little as one-hundredth of a Tesla share, with prices settled in Binance USD (BUSD).
By embracing bitcoiners, Tesla is likely to make more sales among that crowd even if they pay in fiat. Any extra BTC the carmaker gets is gravy.
The difficulty underscores how even in a roaring bull market, crypto still struggles to gain widespread acceptance as a payment method.