Very insightful article. Made me realize how much hidden fees there are in banking. Someone is paying for that somehow although the transaction itself isn't charged..
Have been converting any hbd I get at the moment mostly to power up or transfer to HE but if the peg works and there's actual opportunities to use it like cash that would indeed change the use case.
When Tesla announced it would accept bitcoin as payment I found it really odd. Haven't really followed that but I assume they just converted the dollar price to bitcoin at the time? And like you said people don't like to part with something they see as an investment. I wonder how many people bought Tesla's with bitcoin..
Those entities that accept crypto will be equating it to the fiat pricing at the time of the transaction. So Tesla, if they were going to continue down that path, which they opted not to,
As for the companies that are accepting Bitcoin, I have a feeling that we will see those companies simply hold the BTC to let it accumulate.
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Yeah that's what I thought so pretty different from what you mention for hbd here. I saw all the flashy headlines about Tesla but nobody talked about how much they actually sold that way. Only mention was the big direct buy..
Agree on the companies probably holding the bitcoin, and shouting how it will all fail and crash just before they buy