Tesla Invests in Bitcoin
Elon Musk Confirms Tesla Now Accepts Payment in Bitcoin
Image sourced from CNBC Telsa CEO, Elon Musk has confirmed that the electric car company will now accept Bitcoin as a form of payment – news that has caused the price of Bitcoin to rise 5%. In a tweet, Musk says “You can now buy a Tesla with Bitcoin” and then goes on to reveal that Tesla is only using internal and open-source software and operates Bitcoin nodes directly. And that Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency. You can now buy a Tesla with Bitcoin — Elon Musk (@elonmusk) March 24, 2021 According to Simon Peters, crypto analyst at eToro, the decision for Tesla to accept Bitcoin as a form of payment “will likely build more momentum for the cryptoasset“. /* custom css */ .tdi_3_65b.td-a-rec-img{ text-align: left; }.tdi_3_65b.td-a-rec-img...
Elon Musk’s Behaviour Labelled ‘Criminal’ Post Bitcoin Price Surge
Elon Musk has been accused of manipulating the price of Bitcoin by economist Nouriel Roubini. In an interview with CoinDesk, Roubini says that it’s “criminal behaviour” for Musk to take an individual stance on the crypto. This comes after Tesla invested $1.5 billion into the cryptocurrency, causing Bitcoin to reach a record high of $47,000. Commenting on @Tesla‘s $1.5 billion bitcoin buy on #CDTV First Mover this morning, @Nouriel said it’s “criminal behavior” for Elon Musk to take an individual stance on bitcoin to pump up the price before announcing Tesla’s investment. “Talk about a criminal enterprise.” pic.twitter.com/aSHPX5ayHM — CoinDesk (@CoinDesk) February 10, 2021 According to Roubini, the US Securities and Exchange Commission (SEC) should...
Bitcoin Surges to Record Price Post $1.5 Billion Telsa Investment
Bitcoin reached a new high of $47,000 after Tesla invested $1.5 billion into the cryptocurrency. The electric car manufacturer says that it will “begin accepting bitcoin as a form of payment” for its products in the future. In a report, Telsa says “in January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, we may invest a portion of such cash in certain specified alternative reserve assets.” “Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limit...
