The most recent report issued reports that Tesla Inc. investing $ 1.5 billion in Bitcoin and giving a "hint" that their company will start accepting cryptocurrency as a form of payment. This move taken by Tesla has pushed the Bitcoin price up to a new record level.
Tesla, the leading electric train manufacturer, announced on Monday that he was planning his foray into the crypto market. After making the present packaging in their investment police, Tesla Inc took the decision to invest $ 1.5 billion in Bitcoin.
According to Tesla in their security file, "we expect to start accepting Bitcoin as a form of payment for our products in the nearest future and subject to law".
Bitcoin's price increased by 13% to an all-time high of $ 43,725.51 following the report.
It is fitting that since recently Chief Executive Officer Elon Musk has frequently tweeted on topics related to crypto and Bitcoin.
