Bitcoin Becomes Costlier By Rs 32 Lakh Due To This Big Decision By Elon Musk
New Delhi, February 9, 2021: Bitcoin prices have reached their all-time highs. This jump in Bitcoin prices has come from a large investment. This investment is made by Tesla, the company of the world’s richest man Elon Musk. Tesla has reported that it has invested $ 1.5 billion in the most popular cryptocurrency Bitcoin.
After Tesla’s announcement, the price of Bitcoin rose by 15 percent to $ 44,141. For the first time, Bitcoin prices have crossed $ 44,000. According to the Indian currency, the price of bitcoin has gone up to more than Rs 32 lakh.
Tesla will start taking payments in digital coin
With this investment, Tesla has become the largest company to support the controversial cryptocurrency bitcoin. In addition, Tesla has said that it will start taking payments in digital coins for its products.
Musk added to the Twitter profile page #bitcoin tag
Recently, Tesla’s chief executive Elon Musk also added a #bitcoin tag to his Twitter profile page. This investment by Tesla is great support for cryptocurrency Bitcoin. Policymakers have consistently criticized it due to the increasing use of Bitcoin in money laundering and fraud.
Antoine Trenchev, managing partner and co-founder of Nexo in London, has said that atleast 10 percent of the S&P 500 companies will invest in Bitcoin by the end of 2022.
