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TESLA INVESTS 1.5BN INTO BITCOIN

09.02.2021
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Bitcoin has jumped more than 10% to a record high after Tesla said it had invested $1.5bn (£1.09bn) in the cryptocurrency and would soon start accepting it as a form of payment for its cars and other products.

The disclosure of the investment, in a regulatory filing, sent Bitcoin up by 13% to over $43,000 in Monday trading.

At such levels, one Bitcoin would be enough to buy one of the electric car maker's lower end vehicles in the US, where prices start at less than $40,000.