Tesla's landlord accepts crypto; will Elon Musk pay rent in Bitcoin?

By CointelegraphGreg Thomson4 days ago


After becoming a corporate pioneer in cryptocurrency adoption, Elon Musk could be about to take the next step and begin paying rent in Bitcoin (BTC).

While no announcement has been made by the Technokinghimself, news broke on April 7 regarding a partnership between Los Angeles real-estate firm, Caruso Properties, and the Gemini cryptocurrency exchange, founded by the Winklevoss twins.

Following the partnership, Caruso will accept Bitcoin payments for rent at its various retail and residential properties. The firms deal with Gemini also saw Caruso convert about 1% of its treasury into Bitcoin, reports the L.A Times.

Caruso owns the property which houses the Tesla dealership at the Americana, at Brand center in Glendale, California. Tesla CEO Elon Musk has thus far proven to be a pioneering figure in the cryptocurrency space at least among those in the eccentric billionaire bracket.

After acquiring $1.5 billion worth of Bitcoin, and then accepting BTC as payment for his Tesla electric vehicles, would it be too much to expect Elon Musk to start paying rent in the digital currency?

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