Bitcoin hits all-time high after buying Tesla $ 1.5 billion cryptocurrency

Bitcoin hits all-time high after buying Tesla $ 1.5 billion cryptocurrency

February 8, 2021 0 By autotimesnews

Tesla has invested $ 1.5 billion in bitcoins and plans to start accepting bitcoins as payment for its products “in the near future” – against the background of this news, the cost of bitcoin exceeded 43 thousand dollars.

Tesla announced its investment in bitcoins in a disclosure to the US Securities and Exchange Commission (SEC).

Tesla also noted that it plans to start accepting bitcoin as a form of payment for its products “in the near future”.

“In January 2021, we updated our investment rules to provide more flexibility to further diversify and maximize returns on funds that we do not need to maintain sufficient liquidity,” the statement said.

It is noted that Tesla, within the framework of these rules, can invest part of such funds in digital assets, gold, gold-backed ETFs and other instruments.

Against the backdrop of this news, Bitcoin has updated its all-time high – the value of the cryptocurrency jumped to $ 43,282, according to the data from the Coin Desk portal.