This week in crypto – March 26th

Telsa to Accept Bitcoin Payments

On Wednesday, Elon Musk announced that people will be able to buy the company’s electronic cars with Bitcoin.

Tesla’s CEO also added that they will not be converting Bitcoin into traditional currency. People outside of the US will be able to buy a Tesla with Bitcoin later this year.

Daniel Ives, an analyst at Wedbush, said that he expects the amount of transactions in Bitcoin to increase as crypto acceptance starts to ramp up.

Cristiano Ronaldo Awarded Crypto Tokens For Goals Scored

Cristiano Ronaldo has become the first soccer player to get rewarded for his achievements in cryptocurrency. The Juventus F.C. star received 770 JUV tokens, one for each senior career goal he scored.

JUV is the official Juventus fan token. These fan tokens give supporters the chance to vote on club decisions and also receive perks.

At this time, the 770 JUV tokens are worth over $10,000. While Ronaldo certainly doesn’t need the money, this is still an occasion to celebrate.

Microsoft Surveying Xbox Users About Bitcoin Payments

A Reddit user recently reported that Microsoft is now polling its Xbox users about their preferred payment methods.

One of the questions asks users how they feel about the current payment options available. Then, it asks about additional options that users would like to see. Among the available answers is Bitcoin.

If Microsoft decides to enable cryptocurrency payments, this would represent another connection between the gaming and crypto community.

‘Wolf of Wall Street’ Predicts Bitcoin to Hit 100K

Jordan Belfort, although previously a Bitcoin critic, is now praising the cryptocurrency. In an interview with Fortune, he said that Bitcoin holds advantages over stocks. He claims that the increase in institutional support will keep pushing Bitcoin further, eventually to $100,000. This is a significant turnaround, considering that he previously called Bitcoin ‘fraud.’

In another recent development, Mike McGlore, Senior Commodity Strategist at Bloomberg Intelligence said that this year was a critical time Bitcoin. He also said that $400,000 BTC this year would “rhyme” with history.

NYT Columnist Auctions Article as an NFT

After publishing his article called “Buy This Column on the Blockchain!”, Kevin Roose successfully auctioned it as an NFT for $550,000.

Roose is donating all proceeds to the NYT’s charity, The Neediest Cases Fund. The winner of the auction was a Dubai-based production company called 3F Music.

BTC Price Rises Ahead of 6 Billion Options Expiring

Bitcoin rose for the first time in three days as $6 Billion in option contracts are set to expire today. Looking back on history, returns after previous option expiry dates have tended to be positive.

Options are a contract for the right to purchase or sell an asset at a specific price. According to data analytics company, Bybt, there are over 100,000 BTC expiring today across numerous exchanges.

That’s the end of this week’s recap. If you want to learn more about cryptocurrency with NetCents, make sure to subscribe to our blog below! If you see an interesting story that you think we should feature, send us a message on FacebookTwitter, or Instagram.

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