What do you think if Tesla accepts payment with metals such as silver or gold through the LODE Project, especially in light of the great demand for silver by individuals and companies.
We all know the distinction of the company's owner, Musk, in the field of technology, as he hinted that he could include Bitcoin as a payment method if it's relied on pure, renewable energy sources to mine it.
Some experts have suggested now that it is a good idea to consider making silver a payment method for the company by tokenizing metals using the blockchain.
Musk may also turn to ensuring Tesla's supply of silver because the company trades in this precious metal.
Musk will probably have to go to the open market to get it. But he has to keep up with silver pressure that prevails, especially in social networking sites.
It is true that silver today is low and not encouraging, as it does not exceed $20 per ounce, but this is a positive thing to try buying. It had already crossed 40$ barrier 12 years ago. Investment requires patience and deep study, especially since the dollar is declining today due to countries problems among them.
Elon Musk is unpredictable. He went from pro BTC to anti BTC, trying to buy Twitter, and cancelling the deal a few months later. So I would say anything is possible for Elon
Benefits is the first thing
One thing I am certainly sure of is if musk accept silver, we might be seeing silver soaring higher to even $100
Yes it will be great. From 20 to 100 dollar
FYI, according to the Silver Institute, my Nissan Leaf EV should have about 50 - 55g of silver. Considering it's sophistication I'd expect the base Tesla to be have even more silver content than a Nissan.
Yes it's true