Elon Musk has shown his interest in bitcoin cryptocurrency in the past tweet, but now this turned into a real-life investment. Tesla announced that it invested $1.5 billion in the cryptocurrency. This news confirmed by Tesla's 10-K report with the United States Securities and Exchange Commission (SEC) . Elon Musk was recently also seen using #bitcoin to his Twitter profile.
Effect on Crypto World After Elon Musk’s Tesla Invests $1.5 Billion in Bitcoin
Elon musk invested $1.5 billion in Bitcoin and Tesla to start accepting the cryptocurrency as a payment for its electric vehicles in the near future. After Elon musk invest, the Bitcoin price went so high that it increases to $48,000 in less than 24 hours.
Effect on Crypto World
After investing in Bitcoin, the Following Effect on the crypto world
- Bitcoin price increases $39,400 to an all-time high of over $48,000 in less than 24 hours.
- Other Big Multinational Company Like twitter also looking for investing in bitcoin
- Elon musk’s Invest in crypto, increase the People’s believes in Bitcoin and other cryptos currency
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