Bitcoin Cash (BCH) YouTube has promised to buy 111 Tesla Model 3s … but only if Tesla CEO Elon Musk agrees to accept BCH for Tesla purchases from now on.
The Australian YouTuber, dubbed “1stmil.com”, explained to nearly 8,000 subscribers in three short videos that he believes Tesla will see an increase in sales as a result, as there are many Bitcoin Cash supporters who want to use their cryptocurrency, While it supports Bitcoin Backers (BTC) they tend to want to preserve their assets.
“You’re going to get incredible support from people who really want to use Bitcoin Cash, not people who just want HODL BTC.”
In late March, the Bitcoin Cash community was upset to hear that BCH had not been added as a payment method when Elon Musk confirmed that US customers could purchase Tesla with BTC.
The day after this public rejection, BCH reached an all-time low of Bitcoin at 0.089 BTC.
It’s unclear if this latest BCH show is just a publicity stunt YouTuber running their channel for three years now. 1mil’s ability to pay for 111 Telsas is also an open question, as the wallet featured in the first video only contains about $ 141,000 USD in BCH, or enough to buy just three Teslas. On Reddit, he made it clear that he intentionally did not want to reveal his other wallets for security reasons.
In previous videos, he suggested that he already owns several million cryptocurrencies, and predicts that he will earn $ 1 billion when BCH hits $ 50,000 by 2025. If true, it means that he has at least $ 14.88 million in BCH at current rates. .
The white Tesla Model 3s it plans to purchase is currently selling in Australia for around $ 52,000. Aside from the wholesale discount, this will be an initial $ 5.8 million purchase.
He said he plans to use Tesla electric cars for a new business venture, with details yet to be revealed. On Reddit, though, he made it clear on Reddit that the cars would be dismantled and reused: “Let’s just say the Tesla 3 is being sold in Australia for less than the cost. Its parts are worth more than the amount.”
This is not the first time that BCH spokespersons have drawn Elon Musk’s attention to the cryptocurrency. March 25, in response to Musk’s tweet that “You can now buy Tesla in bitcoin,” Kim Dotcom compared BCH and BTC charges, saying, “It serves the mass market, not just 1%.”