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Tesla invests hundreds of millions in Bitcoins and could accept payments in said cryptocurrency

One thousand five hundred million dollars is what Tesla has spent to buy Bitcoins, which has caused another new push up in the valuation of said currency. It is something that could be seen coming, because Elon Musk already put the word “Bitcoin” in his Twitter bio a few days ago, so those who knew how to listen, bought on time.

The data is known because the reports are public, as well as the presentation of the Securities and Exchange Commission, but the news does not end here, as Tesla plans to accept the cryptocurrency as payment for its cars at some point in the future.

At the moment Bitcoin already exceeds 36,000 euros, and continues to rise as a result of the operation of one of the largest technology manufacturers in the world.

At the moment there is regulatory uncertainty surrounding all this, since accepting bitcoins to buy cars is not something that can be done without figuring out how to process payments, save digital currencies and set the price of your vehicles taking into account the extreme volatility of the market. Internet money. What Tesla has said is that it expects to start accepting bitcoin as a form of payment for its products in the near future, subject to applicable laws and initially on a limited basis, so the claim has to be taken with a grain of salt.

Tesla, and Musk in particular, is no stranger to blockchains and cryptocurrencies. We saw a few days ago how he joked with him Dogecoin, causing movement in its value, and it is already known that Tesla has used blockchain-based technology to track elements of its supply chain, so the movement to Bitcoin was a matter of time.

You can read the reports at sec.gov.

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Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

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