What good can come out of bringing together a depreciating asset as a car with a volatile appreciating token as bitcoin? A revolution.
While you may argue that Bitcoin’s bubble can burst at any point like it has before, Musk’s call to transact with Bitcoin is a rather long-sighted decision. A customer’s long-term gain from holding bitcoin purchased at a lower rate, will be higher allowing them to purchase cars they love. For an industry to thrive, increased economic activity, purchases and utilisation, cryptocurrency will act as a bridge to connect the audience not willing to maybe “show up” on radar and the ones willing to transform their purchasing habits with the companies by coming out of the fiat currency closet.
How fun will it be to buy a car from something that you cannot see, feel or touch?