Tesla sends Bitcoin soaring with US$1.5b investment, payment promise | Malay Mail

Monday, 08 Feb 2021 09:32 PM MYT

SAN FRANCISCO, Feb 8 — Tesla Inc said today it had invested around US$1.5 billion in bitcoin and expected to begin accepting payment for its cars and other products with it in the near future, prompting a 7 per cent jump in the electronic currency. Musk said a week ago in a tweet that bitcoin was “on the verge” of being more widely accepted among investors.“I think we will see an acceleration of companies looking to allocate to Bitcoin now that Tesla has made the first move,” said Eric Turner, vice president of market intelligence at cryptocurrency research and data firm Messari.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin hits US$1 trillion market cap, surges to fresh all-time peakThe world's most popular cryptocurrency jumped to an all-time high of US$56,399.99. FMTNews Bitcoin
Source: fmtoday - 🏆 5. / 72 Read more »

Bitcoin steams to new record and nears US$1 trillion market capThe world's most popular cryptocurrency has surged around 60% so far this month. FMTNews Bitcoin
Source: fmtoday - 🏆 5. / 72 Read more »

Bitcoin market hits US$1 trillion in value | New Straits TimesNSTbusiness The total value of all bitcoin topped US$1.0 trillion on Friday, capping a spectacular record-breaking week for the world's most popular cryptocurrency.
Source: NST_Online - 🏆 17. / 53 Read more »