YouTuber Bitcoin Cash (BCH) has agreed to buy 111 Tesla Model 3 … But only if Tesla CEO Elon Musk agrees to accept the BCH to buy Tesla from now and forever.
Titled 1stmil.com, the Australian YouTuber told the nearly 8,000 followers of the three short videos that he believes Tesla will see a boost in sales as a result, as many Bitcoin Cash followers want to spend their cryptocurrency, while Bitcoin (BTC) followers tend to hold on to their holdings.
You will get incredible support from people who actually want to spend Bitcoin Cash, not from people who just want to HODL BTC.
In late March, the Bitcoin Cash community was stunned to hear that BCH had not been added as a payment option when Elon Musk confirmed that American buyers could buy Tesla with BTC.
The day after this public rejection, BCH reached a new record high against bitcoin of 0.089 BTC.
It’s unclear if this latest offer from BCH is simply a publicity stunt from the YouTuber, who has been running his channel for three years. The ability of $1 million to pay for 111 Teslas is also an open question, as the wallet shown in the first video only contains about $141,000 in BCH, enough to buy just three Teslas. On Reddit, he explained that he deliberately did not want to reveal the other wallets for security reasons.
In previous videos, he has hinted that he already owns several million in crypto and predicts that he will make $1 billion if BCH reaches $50,000 by 2025. If true, that means he owns at least $14.88 million in BCH at current prices.
The cars he wants to buy, white Tesla Model 3s, are currently on sale in Australia for around $52,000. Excluding the volume discount, this represents an initial purchase of $5.8 million.
He said he plans to use Tesla EVs for a new business venture, the details of which he cannot yet disclose. However, he said on Reddit that the machines will be taken apart and reused: Let’s put it this way: 3 Tesla models are sold at a loss in Australia. Their parts are worth more than their sum.
This is not the first time BCH supporters have brought crypto to Elon Musk’s attention. The 25th. In March, in response to Musk’s tweet announcing that Tesla could now be purchased with bitcoins, Kim Dotcom compared the rates of BCH and BTC, claiming that the former serves the mass market, not just the 1%.
– Elon Musk (@elonmusk) March 25, 2021
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