Bitcoin’s price passed the $ 44,000 mark after it was revealed that EV maker Tesla had invested almost $ 1.5 billion rupees in the digital currency. In the previous hour, the price for a single BTC was $ 44,790, with the brief spike expected to be between $ 42,000 and $ 44,000.
To complement the crypto surgeon’s recurring reporting, Tesla expects Bitcoin to be accepted as a payment method for its products, including cars, in the near future. According to an SEC filing released today, the company “has invested a total of $ 1.5 billion in Bitcoin as part of this policy and may acquire and hold digital assets from time to time or for the long term. “.
The dossier goes on to say, “Tesla renew its policy of investment in January to diversify liquidity and maximize returns. It can invest its reserves in digital assets, gold, gold ETFs and other assets. ”
With that in mind, tesla company has invested a huge amount of money in Bitcoin. The policy comes just over a month after Musk met Michael Saylor, CEO of MicroStrategy. After a conversation that followed, Musk quickly learned about the Bitcoin train and changed his Twitter bio to one word: Bitcoin. MUSK also gives a statement, in which he says.
I am a big supporter of bitcoin digital currency. I’m late for the party but a supporter. Bitcoin is close to widespread adoption among traditional financiers
In addition to Tesla’s gigantic allocation of assets in Bitcoin, Musk has continued to tweet non-stop about Dogecoin, suggesting that it would be the future currency for all economies.