Bitcoin has created another milestone for the circumstance of buying Bitcoin by Elon Musk $1.5 Billion, So the price already gone to the all time high, it’s just the horse race, no one can predict what’s going on in this industry, Now Tesla has allocated their 7.7% Cash to Bitcoin and they are going to make this thing clear that they will accept digital currency very soon.
A spokesperson said about this transaction and investment on Bitcoin “Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.”
So it could bring back to this industry an enormous impact because the world’s richest man invested in Bitcoin and tried to instigate some of the cryptocurrency in recent time. So this can be said that the Bitcoin and cryptocurrency industry has got another blow to dominate in the future payment system and financial system.