The CEO of Tesla, Elon Musk, recently became the center of attention for allowing customers to buy Tesla cars with Bitcoin. Tesla has bought $1.5 billion BitCoin, which in the future will make it easier for Bitcoin users to buy Tesla cars.
The idea suddenly shocked many people because of the unusual transaction method. Elon Musk’s idea is controversial. It’s just that the concept of buying a car with Bitcoin is not new. Lots of car dealers in the USA have already implemented the concept of digital transactions.
We want to pull the history of Christopher Basha, who is a car dealer in Georgia. He used to allow his customers to buy cars using Bitcoin.
Even so, it happened in 2017 when Bitcoin was taking off like crazy. That’s when a customer came to his dealer and bought four KIA cars using Bitcoin.
Until now, Basha still allows customers to buy his car using Bitcoin. It’s just that he sees that the opportunity to buy a car with Bitcoin will be little when compared to purchases with conventional or digital money.
Bitcoin transactions are also risky for dealers who are not familiar with cryptocurrencies whose movements are very wild and agile.
He provided an example when he received Bitcoin transactions. He immediately converted Bitcoin with conventional money as quickly as possible.
‘Even when exchanging it, we could lose $300 to $400 because the process takes several minutes. The movement is too fast,’ said Basha.
Meanwhile, Pietro Figerio claimed to have sold as many as 20 Lamborghini units when the value of Bitcoin skyrocketed in 2k17.
He feels Bitcoin users are very confident in the movement and future of virtual money. They are willing to wait a long time just for profit. ‘They are patiently waiting until the exchange rate is soaring like in 2k17,’ he said.
Meanwhile, Peter Saddington claimed to have bought a Lamborghini using Bitcoin in 2017. At that time, he held Bitcoin from 2k11 to 2k17.
He strongly believes allowing customers to buy Tesla with BitCoin was just a branding step. ‘Elon Musk is a dynamic person in thinking, and I think it’s natural that he would use future money for his company,’ explained Peter Saddington.