Tesla Is Now Supporting Bitcoin (BTC) Payments In The US

After making a massive investment of $1.5 billion in Bitcoin, the electric car manufacturer firm Tesla has now announced to accept payments in the world’s biggest digital currency. As announced earlier today, the company has decided to support Bitcoin payments in the United States while allowing customers to use BTC in making purchases from the company. This news has turned the leading cryptocurrency bullish.

US Citizens Can Now Purchase a Tesla Using Bitcoin

Elon Musk, who is Tesla’s Chief Executive Officer (CEO), has made another big move. After stepping into the world of digital currencies with a gargantuan $1.5 billion BTC investment, Tesla CEO has now announced to add support for Bitcoin as a payment method in order to allow people to purchase Tesla with this renowned cryptocurrency.

The company is going to allow only the resident of the United States to access this offering which means those residing outside of the US will not be able to purchase a Tesla with Bitcoin as the offering is not supported in the world’s other countries. However, the company has plans for extending this offering to other countries as well, and the company is expected to do that before the end of the current year.

Whenever Elon Musk makes a tweet regarding Bitcoin or any other cryptocurrency, it spreads very quickly in the cryptocurrency community. The same happened this time too. On the 24th of March, Tesla CEO said that you are now allowed to buy Tesla with BTC. Within the time frame of few minutes, over 15k retweets were seen on this tweet.

Bitcoin’s Price Turns Bullish And Heads Towards the $60k Figure Again

With this big announcement, Elon Musk has once again boosted the price value of Bitcoin while helping the flagship cryptocurrency to come out of the bearish sentiment. Bitcoin’s price value has turned bullish again and has once again started heading towards the $60k figure in order to achieve it.

At the time of writing, the price value of BTC is standing at around $57k with a change rate of more than 3.70 percent in the last 24 hours. While on the other hand, BTC’s value is trading positive on a weekly basis as well.