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Accepting Bitcoin as Payment: Smart Business Move or (HUGE) Mistake?Lack of acceptance: Despite the growing popularity of Bitcoin and other cryptocurrencies, there are still relatively few merchants that accept. El Salvador became the first country to accept Bitcoin as legal tender. Now it's offering citizenship for a $1 million 'investment' � Looks like. Tesla CEO Elon Musk said Wednesday that the car company would no longer accept bitcoin to purchase its vehicles.