Business
Tesla electrifies Bitcoin with $US1.5 billion bet, car payments pledge – Sydney Morning Herald
Analysts said the move by one of the world’s best-known companies was liable to prove a game changer for bitcoin.
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.
One of the largest companies in the world now owns Bitcoin and by extension, every investor that owns Tesla (or even just an S&P 500 fund) has exposure to it as well.
Bitcoin, which has set new record highs in recent months after a rollercoaster ride over the past decade, has…
Continue Reading
