According to the Financial Association, Tesla official website supports the use of Bitcoin for payment.
Around the time before the Chinese New Year, Lamborghini announced that it would accept the payment in Bitcoin. At that time, relevant people asked Musk on Twitter whether he would support Tesla to accept the payment in Bitcoin. Musk gave a relatively positive answer at that time, and now directly confirmed the payment method.
Therefore, it is not surprising that Tesla will eventually support bitcoin payment. Some time ago, it was reported that another famous company under Musk, SpaceX, also had bitcoin on its asset list. Musk has now embraced bitcoin almost completely.
After the announcement of the news, Bitcoin also rose accordingly. The current market is joking that Musk has come out to pull the plate again when the market is in the doldrums. It has become the latest expert in calling orders in the currency circle, comparable to the previous gray scale.
After Tesla took Bitcoin as a means of payment, Tesla’s share price and Bitcoin as a whole further strengthened the linkage. If the price of Bitcoin rises in the future, Tesla will follow the rise for a great reason. When the price of Bitcoin falls, Tesla’s share price may also fall. On the contrary, the impact of Tesla’s share price on Bitcoin will also have a greater probability of strengthening.
Since Tesla has chosen to further support Bitcoin at this time, does that mean that Tesla believes that Bitcoin will go up in the future, or does it not exclude that Tesla will take further plans for Bitcoin in the future? After all, Tesla knows very well what this means.
Tesla’s calculation is quite good this time. Some time ago, it was reported that after the Biden government sent 1.9 trillion US dollars, at least 40 billion US dollars will enter the Bitcoin market. Of course, some will also flow into the stock market. However, the current price of tech stocks including Tesla’s stock is already quite high, and Tesla’s stock retreated as much as 40% some time ago. Even now, Tesla’s price is still in a position where it has dropped by 30% or so from its high level. This shows that Tesla’s current presence in the U.S. investors also means that the unstable situation is slowly emerging. If this continues, there is basically no hope of breaking new heights. Therefore, Tesla’s strengthening of ties with Bitcoin may also mean that in the future, Bitcoin will have more room for growth than U.S. stocks.
For Bitcoin, such positive news will not be rejected. On the one hand, it will improve the mood of the investors in the market. For example, today, the market was in the process of correction. The mood in the market is relatively normal, and the major communities are dead. However, the news made the market active and the currency price began to rise.
On the other hand, the operation like Tesla is not only a temporary advertisement, but also will have a long-term impact in the future. Like Paypal accepting bitcoin payments, it will be a long-term advertisement in the future. Apart from some financial institutions launching bitcoin investments, this method is also a disguised drain.
Back to the market, today was going to shake the market, mainly between 54,500 and 53,500 U.S. dollars, but in the afternoon a Paula plate directly pulled the market from under 54,000 U.S. dollars to the current 56,000 U.S. dollars.
Judging from the current situation, it has broken through the high level of yesterday’s rebound. What needs to be paid attention to next is whether this wave of surge is temporary or the atmosphere that can drive the market as a whole. A rebound is certainly a good thing, but what’s more, a temporary rebound makes some investors think that it is a return to the rally and rush into the market.
At present, it is still aiming at keeping a firm foothold of US$ 56,000 within the day. The most important thing is how influential the US stocks are at night. If the US stocks continue to follow the same trend as last night, the continued rise of Bitcoin will be a bit of a suspension.
Also, Friday’s delivery cannot be said to have been fully absorbed, and the open contracts of bitcoin options with a total value of more than $5.3 billion will expire on March 26. This part of the bad news is still hanging over the whole encrypted money market. Therefore, in the short term, it is recommended not to be too optimistic and to focus on vigilance.
ETH: After the rebound led by BTC, ETH has stood at US$ 1,700 at present. It depends on whether ETH has become stronger and whether it can surpass BTC in the rise. However, it is obviously not yet available.
