Tesla said on Monday it had put $1.5bn into Bitcoin, causing the cryptocurrency s value to spike
It was the moment the cryptocurrency world had been waiting for. Long seen being on the fringes of finance, struggling for legitimacy and too volatile to be considered a sensible investment, Bitcoin has been viewed with suspicion by regulators and governments.
So Monday’s announcement that Elon Musk’s Tesla, one of the world’s biggest companies, had invested $1.5bn (£1.1bn) in the digital currency felt like a stunning validation.
“Buckle up, we re passing the Moon and heading to Mars!” tweeted Tyler Winklevoss, one half of the twin brother pair best known for suing Mark Zuckerberg, who have since restyled themselves as cryptocurrency entrepreneurs.