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Elon Musk Buys Bitcoin, Crypto Insiders Respond
Tesla (NASDAQ:TSLA) that revealed it had purchased $1.5 billion in Bitcoin and may purchase other digital assets in the future. Simultaneously, Tesla said they expect to commence accepting Bitcoin as a method of payment for its products.
Elon Musk, Tesla founder and CEO, has long been engaged with the crypto sector frequently commenting on Bitcoin and other digital assets on Twitter. Musk, a true entrepreneur and never one to worry about sharing his opinion, has emerged as one of the most prominent advocates of cryptocurrency.
As the news filtered out that Tesla had purchased Bitcoin, shares in the company moved higher but Bitcoin was the bigger beneficiary trading at almost $44,000 – a new all-time high.