The Stunt That Could Change the Game
In a bold move that has raised eyebrows and perhaps even a few giggles, an Australian YouTuber known as 1stmil has publicly vowed to purchase 111 Tesla Model 3s. However, there’s a catch: this offer hinges on the willingness of CEO Elon Musk to accept Bitcoin Cash (BCH) as a valid payment method for Tesla vehicles. It’s like asking your crush out but only if they promise to love cats.
A Cryptocurrency Showdown
According to 1stmil, who boasts almost 8,000 followers on his channel, the acceptance of BCH could significantly boost Tesla sales. Why? Because while Bitcoin (BTC) enthusiasts may be more inclined to keep their digital coins tucked away, BCH supporters are practically itching to spend theirs. As he puts it, “You will enjoy an unbelievable amount of support from people who actually want to spend their Bitcoin Cash, not just HODL it for dear life.” Who knew crypto could turn into a retail therapy session?
The Bitter Rejection
Earlier this year, the BCH community was left sulking after discovering that BCH wasn’t included when Musk announced that U.S. customers could buy Teslas using BTC. Talk about a plot twist! Following this news, the price of BCH plummeted to an all-time low against BTC, hovering at a sad 0.089 BTC.
A Wallet Full of Hope or Just Empty Promises?
Now, before you start picturing 111 shiny new Teslas lining up in a parking lot somewhere, let’s talk about reality: 1stmil’s cryptocurrency wallet currently contains about $141,000 in BCH—enough to buy three Teslas. Hmm, not quite enough for a fleet, my friend! In a bid to maintain some mystery (and perhaps dodge a few questions), he stated he didn’t want to reveal his other wallets for security reasons. Okay, Houdini, we get it.
Potential Business Ventures or Pipe Dreams?
In case you’re wondering what all 111 cars would be used for, 1stmil hinted that they’ll be utilized for a new business venture, though he’s keeping the details close to his chest. However, on Reddit, he hinted that the Model 3s will be stripped down and repurposed because—believe it or not—he says they are sold at a loss in Australia and that their parts collectively exceed their worth. Talk about flipping cars for profit!
In the End, What Does This Mean?
Overall, whether this is a clever publicity stunt or a genuine attempt at reshaping cryptocurrency purchases remains to be seen. With social media influencers continually seeking attention, it’s best to take these lofty claims with a grain of salt (or perhaps a whole salt shaker). In the grand scheme of things, should Musk decide to acknowledge BCH, the price could very well shoot to the moon, subsequently aiding 1stmil in his seemingly ambitious Tesla goals.
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