This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Tesla now accepts Bitcoin payments for cars in the United States, with plans to expand the offering to other countries in the near future. This has been hinted at for months, but users noticed the buy with Bitcoin button appear on the site yesterday, right under the normal payment options. Musk confirmed the news today.It's inspiring to see Elon Musk and Tesla continue their commitment to the adoption of Bitcoin and to see them proving that it is, in fact, a viable payment method. Just yesterday, it was reported that Jerome Powell, Chairman of the Fed, stated that Bitcoin could not be used as such.Take that, Jerome.The real story here is not that Tesla is accepting Bitcoin. The most compelling part is that they are NOT converting that Bitcoin back to dollars - they are keeping the revenue in Bitcoin. Most companies that accept crypto do so with an immediate conversion to fiat at the time of sale."Tesla is using only internal & open source software & operates Bitcoin nodes directly," Musk added in a following reply. "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency."Absolutely massive. What better way for Tesla to acquire more Bitcoin than by selling their cars to crypto enthusiasts?There's a rational criticism here, of course - why would anyone spend an appreciating asset on a depreciating asset? Further, in the US, why would someone sell Bitcoin and assume the tax burden for doing so to buy a car?Those are questions left up to the individual, and they do not diminish the importance of this news.Other companies will follow - they always do.I will be live streaming your chart requests today at 2PM EST. I want to emphasize the rules for requests, once again.I take requests via EMAIL from 9 AM to 1 PM EST on Wednesday. If the request comes in after that time, I will not see it because I am not near email and am preparing the charts. If you send it on another day, I may not account for it.Only 1 request per subscriber each week. There are a lot of them!I ALWAYS assume you mean the BTC pair of a coin if you do not specify. If you want the USDT pair or something else, you need to be specific.Thanks for keeping all of these rules in mind! Here is the link:https://www.youtube.com/watch?v=yAFdEWxyCEwIn This Issue:Tesla Accepts BitcoinBitcoin & Cardano Analysis From IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsA Crypto Exchange Will Name The Miami Heat's ArenaCoinbase Is Open To Listing CBDCsExchange Users Can’t Hide Their Crypto From The IRSMy Recommended Platforms And Tools
The Wolf Den #205 - Tesla Goes All In
The Wolf Den #205 - Tesla Goes All In
The Wolf Den #205 - Tesla Goes All In
This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Tesla now accepts Bitcoin payments for cars in the United States, with plans to expand the offering to other countries in the near future. This has been hinted at for months, but users noticed the buy with Bitcoin button appear on the site yesterday, right under the normal payment options. Musk confirmed the news today.It's inspiring to see Elon Musk and Tesla continue their commitment to the adoption of Bitcoin and to see them proving that it is, in fact, a viable payment method. Just yesterday, it was reported that Jerome Powell, Chairman of the Fed, stated that Bitcoin could not be used as such.Take that, Jerome.The real story here is not that Tesla is accepting Bitcoin. The most compelling part is that they are NOT converting that Bitcoin back to dollars - they are keeping the revenue in Bitcoin. Most companies that accept crypto do so with an immediate conversion to fiat at the time of sale."Tesla is using only internal & open source software & operates Bitcoin nodes directly," Musk added in a following reply. "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency."Absolutely massive. What better way for Tesla to acquire more Bitcoin than by selling their cars to crypto enthusiasts?There's a rational criticism here, of course - why would anyone spend an appreciating asset on a depreciating asset? Further, in the US, why would someone sell Bitcoin and assume the tax burden for doing so to buy a car?Those are questions left up to the individual, and they do not diminish the importance of this news.Other companies will follow - they always do.I will be live streaming your chart requests today at 2PM EST. I want to emphasize the rules for requests, once again.I take requests via EMAIL from 9 AM to 1 PM EST on Wednesday. If the request comes in after that time, I will not see it because I am not near email and am preparing the charts. If you send it on another day, I may not account for it.Only 1 request per subscriber each week. There are a lot of them!I ALWAYS assume you mean the BTC pair of a coin if you do not specify. If you want the USDT pair or something else, you need to be specific.Thanks for keeping all of these rules in mind! Here is the link:https://www.youtube.com/watch?v=yAFdEWxyCEwIn This Issue:Tesla Accepts BitcoinBitcoin & Cardano Analysis From IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsA Crypto Exchange Will Name The Miami Heat's ArenaCoinbase Is Open To Listing CBDCsExchange Users Can’t Hide Their Crypto From The IRSMy Recommended Platforms And Tools