Tesla stated in his statement that he bought 1.5 billion dollars worth of Bitcoin. Litecoin founder Charlie Lee discussed the issue and told crypto investors that they should be ready for big announcements in the future.
Lee stated in his statement that Tesla will not only add Bitcoin to his treasury, but also accept payments for their products with BTC.
Charlie Lee said the following sentences in his statement to Decrypt:
“I think this initiative is a huge thing. When businesses start accepting BTC payments without selling their Bitcoin, we will begin to move out of the traditional money system. In this way, we will transition to a new economy where businesses accept cryptocurrencies, pay salaries with cryptocurrencies, and spend cryptocurrencies for B2B. ”
In addition, large companies such as Overstock.com, which is a furniture dealer, have been accepting BTC payments since 2014. However, it directly converts the BTC they receive into cash. According to Lee this situation, there will be a big economic change in the period when businesses decide to keep Bitcoin as Bitcoin.
Elon Musk and Tesla to Trust Bitcoin
Lee continued his statements, “It is a turning point that the richest man in the world believes in Bitcoin and invested 7% in BTC in the Tesla treasure. After this investment made by Elon Musk and Tesla, thousands of companies, whose confidence in BTC will increase, will now follow Bitcoin more closely. ” used the expression.