So by now, you most likely know Elon Musk bought 1.5 billion US dollars of Bitcoin under his company Tesla. This rocketed the price of Bitcoin from around $38,000 to an all time high of $47,513.57.
If that wasn't bullish enough for you, Elon also announced Tesla will be accepting Bitcoin for their Tesla vehicles. This is something many have been asking about for a long time.
As you probably know, Tesla vehicles are not cheap and they even at these Bitcoin prices, 1 BTC will only get you an entry level Tesla without auto drive and some of the better features.
This is what I am going to call the Tesla BTC Edition.
It is a Tesla Model 3 with the Long Range Upgrade, white external paint job ($1,000), stock wheels and interior ($0), and no auto drive.
The nicer wheels will run you another $1,500, but at the current BTC price would be out of your price range if you wanted to drop 1 BTC on a Tesla.
The nicer Black & White interior would run you another $1,000. But the most important feature would be the Full self-Driving Capability. In fact, I wouldn't consider it a Tesla without it. That feature is a $10,000 add-on and puts it well out of the budget for 1 BTC.
Another Tweet about Bitcoin from Elon Musk may change that, it only needs to get to $59,000 to get a fully loaded Tesla Model 3. Some of the nicer models like the Model X will run you over $135,000 to get fully loaded.
I personally had no interest in getting a Tesla. I don't put a lot of value in cars, in fact I had two 2005 vehicles until two years ago. Now I have a 2019 Honda Accord and a 2005 Honda Accord. I can't say I'm not thinking about picking up a Tesla Model BTC myself.
An interesting thing about Tesla vehicles, Elon has been talking about a Uber like service operated by Tesla customer's vehicles autonomously while they are not being used. This would be a business owned by Tesla, but Tesla owners would be paid on behalf of their vehicles. I have always believed Truck Drivers would be one of the first jobs to be replaced with autonomous vehicles, but manned taxis may be a thing of the past in a decade or so.
When we were entering 2021, I was thinking BTC was going to break $50,000 and that would be a big achievement. We may break $50,000 this week, perhaps even in the next 24 hours.
My next target is $100,000, ultimately though I am hoping to see $250,000. I think we have a ways before we start seeing 6 digits, but if Warren Buffet came around with Bitcoin, there would be no stopping it.
Posted Using LeoFinance Beta
All Tesla images are from Tesla.com