Tesla founder Elon Musk on Wednesday announced that an electric car made by his company can now be bought with the world's most popular cryptocurrency.
Tesla is using only internal & open source software & operates Bitcoin nodes directly.— Elon Musk (@elonmusk) March 24, 2021
Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.
Netizens rushed to comment on the post, with some praising Musk's decision, while others joked about the announcement, or simply posted memes, reminding him about dogecoin and other cryptocurrencies.
Will Tesla employees have the posibility to be paid in Bitcoin in the future?— Archinovative (@archinovative) March 24, 2021
This means if you own a lot of bitcoin it’s possible! This means $DOGE will be treated in the same manner soon! The more doge you and bitcoin you have the better! Which do you think is more affordable right now?! ;) #DogecoinToTheMoon #dogecoin #dogearmy pic.twitter.com/8a7MzVl5ie— Branden Lee Mendoza (@BrandenMendozaa) March 24, 2021
Earlier this month, bitcoin rose above $60,000, setting a new trade record. Overall, the currency has gained over 700 percent in value since January 2020.