ILLUMINATION
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ILLUMINATION

If Business Revolves Around Money, Why Isn’t Every Company Accepting Bitcoin?

Image By André François McKenzie on Unsplash

I can’t quite fathom why every business isn’t accepting any form of Cryptocurrency.

It doesn’t make sense to me.

All those years of grafting to build up an empire and yet people like you and me are making thousands of pounds from our bedrooms whilst the rest of the world sits still.

The amount of time it took me to save up £5000, I made the same in 1 month investing in Crypto.

You only need to look at the situation with GameStop to see why Fiat currency is corrupt.

Every single business that exists today was built solely to make money.

No business exists that can tell you otherwise. Yes, they might preach how it provides a purpose to give back to the communities, offers jobs and creates a better life for others, but without money, would that business still exist?

No.

Cryptocurrency is untaxable, mainly because it’s not classed as a legal tender in almost every country except for El Salvador. The only way you can get taxed from Crypto is if you convert it back into fiat.

We all know of companies such as Apple, Amazon and Facebook who have publicly been shamed for avoiding paying tax, so why aren’t they accepting Bitcoin which is untaxable?

Elon Musk announced that Tesla would accept Bitcoin in March of 2021 which helped to push Bitcoin to over $60,000 and making Tesla around $1Billion profit.

Although it was short-lived at the time with Tesla inevitably stopping accepting Bitcoin as payment (mainly because Tesla who are a clean energy company influenced Bitcoin mining which was causing harm to the environment), it was still a massive success and showed how Crypto is truly the future.

If you are a small business, you should be accepting Bitcoin or any other crypto asset.

You’d be foolish not to,

Owen

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