It has been officially announced this morning, on Twitter, by Elon Musk himself; you can purchase a Tesla using Bitcoin as your prefered form of payment.

Elon Musk tweeted the news earlier this morning on a short but none the less very clear tweet:

On the back of this news, it has also been confirmed that Tesla will not be converting the payment into FIAT currency, but rather will use it to add to their existing stockpile of Bitcoin.

Elon confirmed this by saying “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency” in a tweet that followed the initial announcement.

Elon also confirmed they are using internal and open source software to accept the payment in Bitcoin and that they are also operating their own Bitcoin nodes.

This is fantastic news for Bitcoin and also extremely impressive of Elon who has once again proved his place at the forefront of technology and a driving force when it comes to Bitcoin.

The price of Bitcoin at the time of writing, 8.07 AM 24th March 2021, is excatyl $55,000.00 on the dot. I have a feeling this will rise on the back of this news, though.