Tesla Company invests in Bitcoin. Is this will be the changing point of cryptocurrency.
What is happened in Tesla Company
Today it was reported that Elon Musk Who is the owner of Tesla company has invested on Bitcoin $1.5B. Bitcoin price has changed more than 10% now because of this action.
Is this will be a turning point of cryptocurrency
Elon Musk has stated in many times about Bitcoin. Now he has taken his first step.
Elon Musk is a very successful man in the world. $1.5B is not going to harm their business because their business scale is much bigger. From this action, I am sure that many investors and companies will invest in Cryptocurrencies.
What will be the Future of Cryptocurrencies
Elon Musk has stated that they are going to accept payment for their Tesla cars.
But there is a drought because of the unstable price of Bitcoin and other Cryptocurrencies.
But if they do it will be the future of money. Then the other companies will also start to use Bitcoin as a payment method and also Bitcoin will then be the main payment method as PayPal.
In my opinion, this is a good investment done by the Tesla company because in this technical world we need to get rid of paper and coin money and use more digital methods to make payments. This action will be a good example for all people around the world. This will help who are not believing cryptocurrency to make them trust in these currencies.
This all for now and read more news like this on our website.