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Why Bitcoin is the New Digital Gold and Headed Much Higher  Share   Share   Cathie Wood, CEO, Ark Innovation Fund   Bitcoin hit an all-time high of $45,000 after CEO  Elon Musk announced in a U.S Securities and Exchange Commission filing last week that Tesla, the electric car company, has “invested $1.5 billion in bitcoin” and will soon start accepting it as payment for its products. Simon Peters, an expert on cryptocurrencies at eToro, concluded, “If there were any doubters as to the mainstream acceptance of bitcoin, this surely must mark the end of any skepticism. Multiple other brands already accept bitcoin as payment, and we would imagine that, in time, other major companies will follow Tesla’s example.”

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