Bitcoin ATM at Elon Musk factory

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Avatar for Mackenzie
4 years ago

In the rise of cryptocurrency adoption worldwide, the latest developments in adoption came from a rare but unsurprising place. Bitcoin automatic teller Machines(ATMs) have been spotted at Elon Musk's Tesla factories this is visible on the google maps platform accessible to everyone . Although this did not come as a surprise especially because Musk is a known supporter of Bitcoin, technology and cryptocurrency in general. The recent picture showing the location of the ATMs has been trending on crypto Twitter all day long and receiving major engagements from users and cryptocurrency supporters.

Upon wide sharing of the picture, the owner of Tesla Elon Musk has responded saying he does not believe that the reports of the picture are true although not bringing any evidence of whether the reports are true or not. This has led to questions relating to the status of major Bitcoin and cryptocurrency adoption for everyday life while some asking whether Bitcoin is taking over from the traditional financial system or is this some sort of cycle and peer pressure but the answer is if it is a cycle then why is it still continuing with no sign of it stopping anytime soon.

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