Published
3 years ago on
December 23, 2020
Quick Take
1 minute read
- Bitcoin could go to “Mars“ if Tesla jumps on the bandwagon.
- Tyler Winklevoss gives his piece.
Earlier this week, Michael Saylor, the chief executive officer of the MicroStrategy institution suggested to the Tesla founder Elon Musk, that the company should invest in bitcoin and as a result will reap huge profits of up to $100 billion.
As a result of the tweet, the crypto community responded very positively and now, it has many of us thinking that there are endless possibilities of what would happen if Tesla ended up moving its balance sheet into the leading crypto coin.
The aforementioned conversation on Twitter happened around two days ago after the Tesla CEO expressed his interest in carrying out big transactions on the bitcoin network.
You can see the initial tweet here:
If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC. Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor.
— Michael Saylor (@michael_saylor) December 20, 2020
Getting involved with the conversation, the co-founder of the Gemini platform, Tyler Winklevoss said that if the CEO decided to institutionally invest in bitcoin through Tesla, the bitcoin price would go to “Mars“.
You can see his tweet below:
When @elonmusk puts the $TSLA balance sheet into #Bitcoin, we'll have to change the BTC rallying cry from "to the moon!" to "to Mars!"
— Tyler Winklevoss (@tyler) December 20, 2020
If Tesla was to get heavily involved with the industry, it would be massive for bitcoin adoption. Many institutions over the course of this year have already been very beneficial for the industry. With a big company such as Tesla jumping on the bandwagon, only positive things could happen for the future of the market.
For more news on this and other crypto updates, keep it with CryptoDaily!
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