Bitcoin's news has been hot recently and attracted the attention of investors. On March 14, bitcoin rose as high as $61165, breaking through the $60000 mark and reaching a record high. After that, bitcoin fell back to a certain extent due to the selling pressure of profit taking, but it was still stable near the high of $59000 for several days.

At the same time, many large global enterprises have expressed their interest in bitcoin.

PayPal, the global payment giant, announced on Tuesday the launch of its cryptocurrency settlement service, which allows us consumers to use its cryptocurrency to pay millions of online merchants around the world. Customers who hold bitcoin, Ethernet, bitcoin cash and Leyte in PayPal digital wallets can convert their bitcoin holdings into legal tender at checkout time for purchase, the company said

Shulman, CEO of the company, became the first person in the world to use bitcoin to buy Jeans boots on PayPal. He used 0.00540884 bitcoin to pay for the $299 jeans boots, which was about $55000 at that time.

At the same time, visa, another of the world's largest credit card payment companies, also announced that it would soon allow the use of cryptocurrency to settle transactions on its payment network.

On March 24, Tesla officially announced its support for bitcoin payment, making Tesla the first car company in history to support bitcoin car purchase. At present, it only supports customers in the United States to use bitcoin for payment, and will consider opening up new markets in the future. Now the rules for purchasing Tesla with bitcoin are: all products are priced in US dollars. If users choose bitcoin to pay, the amount of bitcoin needed should be enough to convert into the same US dollars. In addition, because the price of bitcoin is constantly changing, Tesla will provide a payment time limit for users who use bitcoin to pay. The user must complete the transaction within this time limit, otherwise the previous conversion result of bitcoin will be invalid, and the system will recalculate the amount of bitcoin needed again. At the current price, about 1.8 bitcoins can buy a Tesla car.

"The bitcoin paid to Tesla will be retained as bitcoin, not converted into legal tender," Musk tweeted.

In addition, it has been revealed that another large automobile manufacturer, general motors, may follow Tesla's example and allow bitcoin to be used as its payment method. At the recent fourth quarter 2020 earnings meeting, GM's chief executive suggested that the company consider buying in bitcoin. Although GM has no plans to invest in bitcoin, it will monitor customers' demand for cryptocurrency as a way to pay for vehicles and services in the future, he said.

When bitcoin is more and more accepted by the public, and adds payment function to it, it will continue to consolidate the position of bitcoin in cryptocurrency and support its current price. But in the future, if bitcoin wants to become a real currency, it must be supervised by the government, which challenges the original design concept of bitcoin. Therefore, we need to further observe where to go.

(2021-4-1)