Here’s what 6 crypto experts said about Tesla’s $1.5 billion investment into bitcoin

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

Tesla revealed a historic $1.5 billion bitcoin investment on Monday, which pushed the digital currency to a record high of $44,795.  The electric-car maker also said it will soon begin accepting bitcoin as a form of payment for its products. Some analysts say Elon Musk is a relatively late adopter of cryptocurrencies, but believe this is one of several new investments he will make in the space. Here's what six experts in the crypto industry said about Tesla's purchase: Stefan George, co-founder and CTO at prediction market platform Gnosis "Tesla's bitcoin acquisition is a strong signal for a new era of integration between the cryptocurrency ecosystem and mainstream business, in which tokens increasingly act as not only a store of value but tangible medium of exchange." Dermot O'Riordan, partner at blockchain-focused private equity firm Eden Block  "This moment will likely be looked upon in years to come as a genuine tipping point; Elon and Tesla's support legitimizes crypto and opens up bitcoin to a whole new class...read more...