Elon Musk endorses Bitcoin

e_abrams

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Tesla issued an announcement: “We expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis,”

What is more, the company, which is the largest producer of electric vehicles in the world, has invested 1,5 billion USD in Bitcoin. All this caused the Bitcoin price to skyrocket to an alltime high – after Tesla’s announcement its price jumped with a whopping 16% to 44,795 USD and it continues to move north. This move by Tesla pushed Bitcoin into the mainstream more than ever.

Tesla’s shares also rose with 3% after the announcement.
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BTC is shooting for the Moon after this announcement, we will probably see it rally to 50k and above within days.