Elon Musk Says You Can Buy a Tesla With Bitcoin

Tesla plans to keep Bitcoin received from transactions on its balance sheet, which may reduce Bitcoin's supply and potentially increase its price. This move reflects a broader trend of companies using Bitcoin as a treasury reserve. However, widespread consumer adoption of Bitcoin for purchases, such as buying a Tesla, remains unlikely, with less than 5% of transactions expected to be in Bitcoin over the next 12 to 18 months. The primary use of cryptocurrencies continues to be as a long-term store of value rather than for everyday transactions.

What percentage of transactions does Wedbush's Dan Ives expect to be through Bitcoin in the next 12 to 18 months?

What is the current use case for cryptocurrencies according to the data presented?