Tesla CEO Elon Musk could start paying rent with Bitcoin (BTC)

Tesla CEO Elon Musk could start paying rent with Bitcoin (BTC)




Tesla CEO Elon Musk could become the first Caruso tenant to pay rent with Bitcoin (BTC).


Los Angeles-based real estate company Caruso has partnered with Cryptocurrency exchange Gemini to accept bitcoin (BTC) on its residential and commercial properties. On top of that, the Treasury put one percent of its reserves in the largest cryptocurrency as protection against inflation.


Caruso's list of tenants also includes Tesla CEO Elon Musk. The e-vehicle maker sells its vehicles at brand Americana, a major shopping and entertainment center in Glendale.


Real estate developer Rick Caruso, founder and Managing Director of the unnamed company, said Musk could be the first tenant to pay his rent in cryptocurrency, although he has yet to hold any talks with the eccentric entrepreneur:


"I didn't talk to Elon about it. As a pioneer, he may be the first to pay his rent in Bitcoin.”


In March February, as previously reported, Tesla began accepting bitcoin payments for its cars and services after announcing its $ 1.5 billion investment in the cryptocurrency.


Emphasis That Will Play An Important Role

Bitcoin and cryptocurrencies will "play an important role" in the future, Caruso claims:


We believe that Bitcoin and cryptocurrency will play an important role in our collective future, and now we believe that working with Gemini will bring unique experiences and pioneering technology that adds real value to our guest experience.


In an interview on CNBC's "Power Lunch," the billionaire claimed the company's entry into Bitcoin was not temporary:


We're not looking forward to the next year or five, but the next decade.


Caruso plans to allow customers to pay rent with the largest cryptocurrency, as well as offer blockchain-powered rewards:


"What I dream of working with our loyalty program, the Twins and the Winklevosses, is that you will make money. You will earn a cryptocurrency.”

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