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Could buying Tesla with bitcoin be the same mistake as buying pizza with bitcoin?

Posted on November 12, 2022 by admin

Could buying Tesla with bitcoin be the same mistake as buying pizza with bitcoin?

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Answer Could buying Tesla with bitcoin be the same mistake as buying pizza with bitcoin?

The price of Bitcoin has seen many fluctuations since Elon Musk revealed via Twitter that his company, Tesla, will start accepting Bitcoin as a form of payment.

Social media platforms have been filled with screenshots of those filling out orders for Tesla cars with bitcoin.

But those enthusiastic buyers who are willing to exchange their cryptocurrency for a Tesla may end up living with great regret in the future, and their scenario is similar to that of someone who paid 10,000 bitcoins for two pizzas.

How could spending BTC on a Tesla be a huge mistake?

This week, Elon Musk, CEO and founder of Tesla and SpaceX, revealed that Tesla cars are available for sale with Bitcoin.

Read:Founder of the exchange platform FCoin: We are unable to pay 7,000 to 13,000 BTC to customers

The internet was buzzing with news, and the bitcoin price initially rose, but the price refused to continue rising.

Max Keizer noted that ten years from now, people will be shocked that someone was foolish enough to spend an entire bitcoin on a Tesla car.

Tesla is the new pizza

10 years from now people will be surprised that someone has spent it all # bitcoin for Tesla

– Max Keiser March 25, 2021

The comment is not meant to be an insult to anyone who would like to buy a Tesla with their cryptocurrency, but it does spark a thought for what it might be like in ten years and how much Bitcoin would be worth to a Tesla.

Bitcoin in front of colorful temptations between “pizza” to “Tesla” car:

Buying pizza for so many bitcoins was unfortunate to remember, but without it bitcoin might not be what it is today.

On May 22, 2010, Laszlo Haniak announced via the BitcoinTalk forum that he had successfully purchased two pizzas for a total of 10,000 Bitcoins.

Read:during hours…. 12 billion dollars in profits from the cryptocurrency market

At the time, Bitcoin was virtually worthless by all accounts, and had yet to trade for a penny.

Laszlo’s focus was on making history by completing the first ever documented transaction to purchase a commodity with bitcoin.

Today, those 10,000 Bitcoins are worth half a billion dollars, making these two pizzas the most expensive pizza ever.

A Tesla now costs nearly a full bitcoin, which is much more worth than two pizzas.

However, given how rapidly the value of cars is declining, following the emergence of newer models and technologies, Bitcoin is climbing the ladder and increasing in value by the day.

Read:Binance confirms its support for free airdrop distribution of the cryptocurrency Spark to XRP holders

In ten years, people might be freaked out by the idea of ​​spending an entire bitcoin on a car.

The main difference between these people and “Laszlo”, is that he will always be present in the history of Bitcoin, and is likely to be a key factor in the evolution of Bitcoin and its transformation into what it is today.

Who knows, without buying it to prove that Bitcoin works, Bitcoin may have failed to gain widespread adoption.

Although buying a Tesla is great today, what things will be like in 2030 might not really be great 🙂

Read also:

Bitcoin Pizza Day 10th Anniversary: ​​Big Transformations for Bitcoin

How many Bitcoins are currently in circulation? How many bitcoins are left?


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