• PYMNT
• 12 Feb, 2021

Elon Musk’s Tesla purchased $1.5 billion in Bitcoin earlier this month, announcing that it intends to start accepting the cryptocurrency as payment in the future. This announcement caused the price of Bitcoin to jump 17% to $44,220, its record high. This is the first time that Musk has caused a spike in the investment of the currency, with his past posts on Twitter, that have since been deleted, having an effect on the market.
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