Litecoin’s Charlie Lee: Tesla’s Bitcoin Buy a ‘Turning Point’

Litecoin’s Charlie Lee: Tesla’s Bitcoin Buy a ‘Turning Point’

The Litecoin founder said Tesla’s decision to potentially hold on to the Bitcoin it receives from consumers was “huge.”

In brief

▪️Tesla bought $1.5 billion in Bitcoin in January.

▪️It will also accept BTC for products and may not cash it out.

▪️Litecoin founder Charlie Lee believes that may help the US break out of a fiat-based system.

By Jeff Benson