Tesla are now accepting payment via Bitcoin on tesla.com

I think this company are the dictator of btc price now,although btc it’s at poor rate rn and I wish I good recover my lost wallet which I had $1,208 in. I could be if I can see someone that can lead in recovering my password without remembering the recovery phrase.
 
Tesla reserves the right to issue refunds with BTC or USD (they decide). If BTC goes to 0 they will refund you your BTC balance, if it jump to 1mil you get a fraction of your BTC back.
 
After that announcement the BTC keeps dropping :|
I'll never understand the market

I think this news isn’t that big and I guess people already knew it was coming because that’s partly why Elon invested into Btc.

Also I think there are lots (billions of $ worth) of futures expiring next month (?) and I don’t fully understand it but I believe that when this situation occurs, the price tends to gravitate towards whatever price those futures expire at (which I think is around $45k).

Source (which hopefully makes a lot more sense than my attempted explanation) -

https://www.coindesk.com/bitcoin-tr...rst Mover, Mar. 25, 2021&utm_term=First Mover
 
I think this news isn’t that big and I guess people already knew it was coming because that’s partly why Elon invested into Btc.

Also I think there are lots (billions of $ worth) of futures expiring next month (?) and I don’t fully understand it but I believe that when this situation occurs, the price tends to gravitate towards whatever price those futures expire at (which I think is around $45k).

Source (which hopefully makes a lot more sense than my attempted explanation) -

https://www.coindesk.com/bitcoin-tr...rst Mover, Mar. 25, 2021&utm_term=First Mover
Would be great to understand something about futures and all this shit :D
 
Tesla will accept BTC for Tesla cars, and most importantly they're going to KEEP ALL THE BTC. That is the most bullish part of the whole Tesla news. Crazy, amazing, smart, and keep rocking on Bitcoin!
 
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