Business
Tesla’s $US1.5b bitcoin bet, Elon Musk’s enthusiasm send cryptocurrency prices to the moon – ABC News
The famously volatile bitcoin has surged to its most expensive levels ever, thanks (in part) to the world’s richest man Elon Musk talking it up, along with Tesla’s…
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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