Elon Musk's Tesla plans to invest $ 1.5 billion in Bitcoin, plans to take payments in Cryptocurrency

Elon Musk's Tesla plans to invest $ 1.5 billion in Bitcoin, plans to take payments in Cryptocurrency

Experts say the move by well-known companies around the world will prove to be a game changer for Bitcoin.

San Francisco. Tesla Inc, the electronic car maker of billionaire businessman Elon Musk, said on Monday that it had invested $ 1.5 billion in Bitcoin and that it would be able to buy its products and car buyers in the future. Is working on a plan to allow cryptocurrency to be accepted in payments. After this news, the price of cryptocurrency Bitcoin reached the highest level. On Monday, the Bitcoin price jumped 10 percent to a record level of $ 43,625.

This was disclosed in an annual report on Monday from Tesla regarding investment in Bitcoin. It says that the Members of Board Audit Committee has updated Tesla's investment policy. Tesla founder Elon Musk said he was excited about Bitcoin. Last month, he changed the Twitter biography to #bitcoin, after which it saw a surge in prices.