UPDATED: Bitcoin hits record high after Tesla investment

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Bitcoin hit a record-high near $45,000 on Monday after Elon Musk's electric carmaker Tesla invested $1.5 billion in the digital currency.Bitcoin hit $44,795.20 around 1325 GMT, before cooling s...

“Tesla is going to be a major player in the auto industry and if it starts accepting bitcoin as a form of payment, it will give the digital currency further legitimacy.”

“As more and more companies start accepting bitcoin, this will only lead to further increases in demand in a market which is limited in supply,” Razaqzada added. A number of central banks have responded to the rise of cryptocurrencies and the dwindling global use of cash by announcing plans for bank-backed digital units.

Debate has raged over the status of the digital asset, launched in late 2008, as to whether it should be seen as a form of money, an asset or a commodity.

 

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Detty_boyy Nigeria didn’t ban crypto currencies guys. They banned bank transactions having bitcoin descriptions. Either ways it is still a nonsense development.

Foolish leaders in Nigeria are busy displaying their foolishness

A lazy govt will ban anything it doesn't understand but a smart govt will studying it and maximise its positives for its economic development.

FG ll soon ban Punch for doing this. Punch Newspaper, Shora fun Nigeria ooo... O lewu ooo...

After Nigeria 🇳🇬 successfully ban the crypto. Other countries are counting success we are here adapting failure

And one zoo government bans crypto currency in the country ooo🤔

No after nigeria ban crptocurrency.

I no understand una o, shey make he Dey pepper us now for body abi Wetin?🤦🏽‍♂️

👍

tesla buy $1.5 billion Bitcoin this is biggest news of an hour dude may be biggest news of century remember the date feb 8 ,2021 Bitcoin Acceptance Day Or Start of biggest Scamming event in Human History? 1 thing is sure this the Turning point of civilization.

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