After Tesla announced it has invested US$1.5 billion in bitcoin and expects to start accepting the cryptocurrency as a payment for its electric vehicles in the near future, the bitcoin price went soaring. It went from around US$39,400 to an all-time high of over US$48,000 in less than 24 hours. The price is now up by over 50% in the first six weeks of 2021. Led by Elon Musk, Tesla’s investment is obviously in profit already: depending on the exact day of the purchase, it is likely to be worth over US$2 billion, pointing to a paper profit of over…
This story continues at The Next Web
Or just read more coverage about: Bitcoin,Tesla
Tesla’s bulging Bitcoin buy could be the spark that derails the stock market
The Next Web
0 shares
7 views
You might like
Related news coverage
Bitcoin And Baseball Cards – OpEd
I saw this piece last week on the soaring price of baseball cards and naturally started thinking about Bitcoin. The article..
Eurasia Review
Dow Jones Futures: Stock Market Rally Hits Record Highs; Nvidia Hits New Buy Point, As Bitcoin Surges On Tesla News
Access to this page has been denied because we believe you are using automation tools to browse the website.
Upworthy