21 days ago • Posted by Martin Boujol
Tesla invests $1.5 billion into Bitcoin
According to an SEC filing published today, Tesla has invested $1.5 billion into Bitcoin. The company expects the cryptocurrency to be one of the payment method for its products, including cars, in the near future. As a result, the price of Bitcoin shot up from $39,000 to $43,000, a new all-time high. We should be aware of Tesla's new investment policy to maximize the return on their cash. They plan to invest more into digital assets, gold, ETF, as well as other assets. Elon Musk has been making noise about both Bitcoin and Dogecoin recently, heavily affecting their prices thanks to his social media fame. But in the end, it seems that he was after Bitcoin a along.