Tesla Bitcoin bet could be ‘game changing’ if other companies follow suit, analysts say

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TESLA has made a potentially 'game changing move' by investing heavily in Bitcoin, analysts have said, as other companies could follow suit.

This week, it was reported that Elon Musk’s electric car company had purchased $1.5 billion worth of the cryptocurrency. The company also said it would start accepting Bitcoin as a means of payment.Following the news, Daniel Ives and Ygal Arounian, analysts for wealth management firm Webush Securities, said investors will be “watching closely” to see if other companies now do the same.

 

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