Elon Musk confirmed U.S. customers could now buy a Tesla using BTC, but TESLA shunned fork products such as Bitcoin Cash, BCH price dropped more than 9%
Yesterday, in the midst of a correction in the cryptocurrency market, Tesla CEO Elon Musk again tweeted, claiming that Tesla now accepts Bitcoin as payment for its top-end cars. However, it is only a declaration of acceptance of Bitcoin because Bitcoin forks like Bitcoin Cash and Bitcoin SV will not be accepted. However, there are mixed opinions from Kim Dotcom, a German-Finnish entrepreneur and political activist (also known as Kimble or Kim Tim Jim Vestor). And Bitcoin Cash price has hit new lows following recent events.
Bitcoin Cash price hits new lows after Tesla snubs fork products
According to information from Tesla, Bitcoin Cash (BCH) and Bitcoin SV (BSV) as being unsuitable for payment.
The document clearly states:
“You may not make purchases with us using any other digital asset, including Bitcoin fork products, such as Bitcoin Cash and Bitcoin SV. Our Bitcoin digital wallet is not configured to detect or receive digital assets other than Bitcoin.”
Now, however, Kim Dotcom is trying to convince the richest man in the world that Bitcoin Cash is a much fairer deal when it comes to payments. Dotcom pointed out that the average transaction fee will be much cheaper if you pay with Bitcoin Cash instead of Bitcoin and suggested that Musk should buy soda with BTC. Kim Dotcom stated that BCH serves the mass market, unlike Bitcoin, which is only for the top 1%.
— Elon Musk (@elonmusk) March 25, 2021
Musk also seems to agree with the entrepreneur’s point of view. But that’s a story later because Bitcoin Cash price is currently trading around $ 476, down more than 9% over the past 24 hours.
BCH/USD 4-hour chart | Source: TradingView
And Tesla had already removed the content, simply warning buyers not to send any other cryptocurrency to a BTC address other than Bitcoin itself.
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