Bitcoin hits record near US$45,000 after Tesla investment

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Bitcoin hit a record-high near US$45,000 on Monday after Elon Musk's electric carmaker Tesla invested US$1.5 billion in the digital currency.

The cryptocurrency is up by around 50 percent since the start of the year.

Tesla's announcement, in a US Securities and Exchange Commission document, is a sign of confidence in the cryptocurrency that regulators are concerned could be used for illegal transactions. 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.

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