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Tesla is going to start accepting bitcoins

Tesla announced today in a SEC filling that they bought $1.5 billion worth of bitcoin and they said they will start accepting it as a payment method for it’s products soon, that would make Tesla the fist big automaker to start accepting this cryptocurrency as a method of payment.

The company told in the same statement that they bought bitcoin to ”increase flexibility to further diversify and maximize returns on cash”. After Tesla’s bet on the currency was revealed, the value of bitcoin soared. The virtual currency which multiplied the price last year, continues to earn almost 10%, worth more than $ 43,000, and that represents an all time record.

Tesla is also accelerating on the stock exchange, with the manufacturer’s securities adding 2.32% to $ 872 in trading before the opening of US stock exchanges.

So Elon’s reason to boost bitcoins and other cryptocurrencies in his recent’s speeches could be also a marketing strategy ? Let’s see how it ends.

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  1. Pingback: After Buffett, Charlie Munger compares Bitcoin to louse and suggests it will fail - Digest Time
  2. Trackback: After Buffett, Charlie Munger compares Bitcoin to louse and suggests it will fail - Digest Time

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