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Tuesday, December 10, 2024

Tesla wants to accept payments in Bitcoin: price rises to a record high

Tesla is opening up to digital currencies and giving Bitcoin a boost to a new record high. But Tesla also wants to invest in other assets.

The digital currency Bitcoin received a significant price boost on Monday and rose to a record high. The trigger was that the electric car manufacturer Tesla has invested in the digital currency according to a stock exchange document and wants to accept it as a means of payment in the future.

Previous record clearly exceeded

The Bitcoin price jumped several thousand US dollars after the news became known. On the Bitstamp trading platform, the price rose by more than 15 percent to up to $ 44,899. The previous record of 42,000 dollars was clearly exceeded.

A document for the US Securities and Exchange Commission shows that Tesla has invested $ 1.5 billion in Bitcoin. The company is also considering accepting Bitcoin as a form of payment in the future. “We assume that we will accept Bitcoin as a means of payment for our products in the near future, subject to applicable laws and initially on a limited basis,” said the SEC document.

Tesla boss Elon Musk is an avowed supporter of cryptocurrencies. Not only about Bitcoin, but also about other digital currencies, the billionaire regularly comments on the Internet . Most recently, he tweeted several times about the Internet currency Dogecoin, which has benefited greatly from it. Musk is very popular among crypto fans, which is why his tweets often boost the price of digital currencies

Christopher Patillo
Christopher Patillo
Christopher Patillo is an accomplished writer and editor with a passion for exploring the intersections of technology, society, and culture. With a Master's degree in Journalism Patillo has contributed to various publications. His writing focuses on emerging trends in artificial intelligence, digital privacy, and the ethical implications of technology in everyday life. He is also involved in community outreach programs aimed at promoting media literacy among youth.

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