Tesla’s $US1.5b bitcoin bet, Elon Musk’s enthusiasm send cryptocurrency prices to the moon – ABC News

Bitcoin (the infamously volatile cryptocurrency) has surged to its most expensive levels ever, thanks to the world’s richest man.
Key points:

• The price of bitcoin has surged by more than 330pc in the past year
• PayPal, Square and Tesla are some of the big companies that have invested in crypto
• Tesla plans to accept bitcoin as a payment method “in the near future”.

By 11:45am AEDT, it had surged above $US47,000 ($60,949) on Tuesday morning, after Elon Musk’s electric vehicle company, Tesla, said that…

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