Print Friendly, PDF & Email

Tesla is investing no less than 1,2 billion euros in crypto bitcoin. The electric car manufacturer announced this in the annual report to the American stock market watchdog SEC. Tesla CEO Elon Musk has spoken out several times about bitcoin. The investment represents a vote of confidence in bitcoin, which is still seen by many as a way to conduct illegal transactions and launder black money. Tesla says it plans to accept bitcoin as a payment method in the near future.

Musk has also tweeted the price of crypto coin dogecoin. A tweet from Elon Musk, who yesterday called the coin “the people's crypto currency,” caused dogecoin to skyrocket. An analyst calls the step opposite the Financial Times a possible game changerAnd takes into account that other companies will follow the example of the automaker.

The investment of $ 1,5 billion in bitcoins is reported in a document that Tesla has submitted to the US stock market watchdog SEC. The document states that the option of paying with bitcoins will depend on legal provisions and will initially be a limited option. This could mean that Tesla only accepts bitcoin as a means of payment in certain countries under certain conditions.

Bitcoin is the very first cryptocurrency, designed as a payment system that must be able to function completely decentralized. Bitcoin is the answer to the demand for a new digital payment method. You can best see bitcoin as a digital form of cash money: a way of exchange of value directly from person to person, without the involvement of a third party. We call this peer-to-peer.

Read also  Stock market shocked: Tesla postpones unveiling of robotaxi to October

Also read: More than 2,5 million people will soon pay public transport with cryptocurrencies such as Bitcoin

Bitcoin
Tesla invests $ 1,5 billion in bitcoin.