Bitcoin prices are at an all-time high. This increase in the price of bitcoin comes from a big investment. The investment was made by Tesla, the world’s richest Elon Musk company. Tesla reports that it has invested $ 1.5 billion in the most popular cryptocurrency bitcoin.
Since the Tesla announcement, the price of Bitcoin has risen 15 percent to $ 44,141. For the first time, bitcoin prices have crossed $ 44,000. According to Indian currency, the price of bitcoin has gone up to Rs 32 lakh.
Tesla begins to take payments in Digital Quoin
With this investment, Tesla is the largest company to support the controversial cryptocurrency bitcoin. In addition, Tesla has said it will start taking payments on digital quoins for its products. Last year was great for Bitcoin. Its prices are quadrupled in 2020.
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Musk added to the Twitter profile page # bitcoin tag
Recently, Tesla chief executive Elon Musk has also added the #BitCoin tag to his Twitter profile page. Tesla’s investment in cryptocurrency is a great support for Bitcoin. Policymakers have consistently criticized the increasing use of bitcoin in money laundering and fraud. At least 10 percent of S&P 500 companies are expected to invest in bitcoin by the end of 2022, says Antoine Trenchev, managing partner and co-founder of Nexo in London.