Elon Musk and Tesla Invest $1.5 Billion In Bitcoin As It Reaches a New High
-Tesla has invested the sum of $1.5 billion into Bitcoin
-The company is also expected to start receiving payment in Bitcoin and Other Cryptocurrencies
-The news of Musk and Tesla’s Investment has driven Bitcoin to a new record high of $43,000
Electric car company, Tesla has revealed that it has invested $1.5 billion in Bitcoin.
The company is owned by the world’s richest man, Elon Musk who is known to be an advocate for Bitcoin and other Cryptocurrencies.
The report also added that the car company will start receiving payments in Bitcoin.
Read also: Dogecoin hit a new high after being promoted by Elon Musk and Snoop Dogg
Customers have been calling on the billionaire to accept cryptocurrency as a form of payment for a while but it wasn’t implemented.
Elon Musk has shown huge support for Bitcoin and other cryptocurrencies recently.
Only some days ago, He had “#bitcoin” to his profile on Twitter while also back in Doge in his posts.
The new of Tesla’s investment in Bitcoin drove the cryptocurrency above $43,000 o a new all-time high.
Although Bitcoin remains a volatile digital currency, it has witnessed a gradual rise in 2020 due to an increase in demand from buyers.
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