Bitcoin surged past $43,000 after news that Tesla has invested $1.5 billion in the digital currency. According to the Securities and Exchange Commission press release, Tesla is planning to start accepting the cryptocurrency as payment.
- Tesla’s investment comes when investors see Bitcoin as an inflation hedge and store of value amidst rampant central-bank money printing and economic stimulus.
- Bitcoin is also benefiting from free publicity by celebrities and influencers such as Elon Musk through tweets and memes.
Bitcoin is currently gaining. BTCUSD is up 13.56%
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