The ability to buy a Tesla with Bitcoin is not a big deal.
Tesla’s decision to NOT convert that Bitcoin into fiat after the sale is a huge deal.
This leads the way for thousands of companies to sell products using Bitcoin without ever turning that Bitcoin back into US dollars.
Discussion so far today at Bloomberg Crypto Summit has shown, unsurprisingly to most, the strikingly bullish insitutional sentiment behind investment & use cases for DeFi and #Bitcoin
@michael_saylor on Bloomberg Crypto Summit, with a message to institutionals on weighing alternatives to using #Bitcoin to grow cash & cash equivalent assets: "Investing in a currency (i.e. USD) devaluing 15-20% annually is pretty much committing economic suicide"
@michaelmoro of @Gen_Capital via Bloomberg Crypto Summit today: "Despite the Fed being down yesterday, we were able to settle trades in $USDC all day long" ... markets close, crypto doesn't. Future's here.