Bitcoin hits new high as Tesla reveals $1.5bn investment

SourceSkyNews
SectorTechnology
CountryMiddle east

Bitcoin has jumped more than 10% to a record high after Tesla said it had invested $1.5bn in the cryptocurrency and would soon start accepting payments using it for cars and other products.The disclosure of the investment, in a regulatory filing, sent Bitcoin up to more than $43,600 in Monday trading. At such levels, one Bitcoin would be enough to buy one of the electric car maker's lower end vehicles in the US, where prices start at less than $40,000. Image: Elon Musk recently added a "#bitcoin" tag to his Twitter profile It comes ten days after Tesla chief executive Elon Musk gave a boost to the electronic currency's price by adding a "#bitcoin" tag to his Twitter profile page.He removed the tag a few days later but has continued talking up Bitcoin and other cryptocurrencies ...read more...