Bears Fuming as Elon Opens Tesla Purchases With Bitcoin

Tesla is allowing U.S. customers to buy vehicles with bitcoin, and it is not changing the crypto back to fiat.

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Tesla is allowing U.S. customers to buy vehicles with bitcoin, and it is not changing the crypto back to fiat.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.

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Today on the Brief:

Robinhood IPO incoming
Competing bitcoin price predictions
Yellen and Powell’s latest testimony on economic growth

Our main discussion:

Elon Musk announced this morning Tesla’s program for buying its cars with bitcoin:

Says the company is running Bitcoin network nodes
Says Tesla won’t convert back to fiat but will hold bitcoin
Expanding the program internationally coming soon

NLW breaks down the hater response from the Tesla and Bitcoin sides and argues that much more significant are the other CEOs – like that of buzzy bed startup Eight Sleep – who are following suit.

Image credit: Hannibal Hanschke-Pool/Getty Images Entertainment

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.