Tesla Invests $1.5 Billion In Bitcoin, Will Start Accepting Digital Currency ‘Very Soon’

Tesla Has Announced That They’ve Invested Around $1.5 Billion Dollars In Bitcoin And It They Plan To Start Accepting The Digital Currency As Payment For Vehicles Very Soon.
According To Coinbase, After The High End Electric Automaker Made The Announcement The Price Of Bitcoin Soared 15.4% To Around $44,500

The California Basked Company, Owned By Elon Musk Revealed The New Strategy In A Filing With The U.S. Securities And Exchange Commission, Saying Its Investment In Digital Currency And Other “Alternative Reserve Assets” May Grow.

Bitcoin Has Caught The Attention Of Enthusiasts Around The World For Its Scarcity And Security, But The Volatile Digital Currency Is Still Not Widely Used To Pay For Goods And Services.

It Is Unclear Whether Other Major Companies Will Follow Tesla’s Lead In Investing In Bitcoin.

However Tesla Is In A Unique Position To Accept Bitcoin For Payment, Since The Automaker Does Not Rely On A Network Of Independently Owned Dealerships To Sell Its Vehicles Unlike Traditional Car Companies.

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