Elon Musk announced that he is buying Bitcoin for $ 1.5 billion and is likely to start accepting cryptocurrency payments. After this information, the BTC price rose to almost USD 44,000, setting a new all-time record.
Tesla bought BTC for $ 1.5 billion
Tesla revealed on Monday that it had invested a total of $ 1.5 billion in Bitcoin (BTC). According to the annual report that Tesla sent to the SEC (the Polish equivalent of the Polish Financial Supervision Authority), the decision was part of the company's new investment policy and was intended to "diversify and maximize profits".
"We have invested a total of $ 1.5 billion in Bitcoin in line with this policy, and we may occasionally or long-term acquire and hold digital assets," Tesla said.
Interestingly, the world's largest automotive company has also announced that it may soon start accepting Bitcoin as a payment method for its electric cars. A decision by a large company like Tesla to adopt Bitcoin would be a huge milestone for the currency.
It is worth adding that Tesla CEO Elon Musk has recently signaled interest in Bitcoin and other cryptocurrencies. In late January, he confessed that he is a Bitcoin supporter.
"Right now, I think Bitcoin is a good thing ... I am a supporter of Bitcoin," Musk said, adding that the cryptocurrency is on the verge of gaining wide acceptance from traditional financiers.
Bitcoin with a new record
After the release of this information, the price of the world's largest cryptocurrency soared upwards, reaching an all-time high.
According to CoinMarketCap data, the BTC exchange rate rose by more than 14% to $ 44 000 per coin, breaking the record from January this year. On a weekly basis, the cryptocurrency has already gained almost 30%.
In addition, the volume I am writing about all the time. If someone is watching, he can see that he gave a beautiful signal. Growth was on an increased volume. A clear signal for a strong breakout.