Tesla’s Bitcoin Buy Was Watershed Moment for Cryptocurrency
In 2014, Elon Musk – then a mere billionaire rather than the world’s richest man – opined that “bitcoin is probably a good thing.” Seven years on and he has made one of the biggest crypto investments in history, plunging $1.5 billion into the world’s hottest digital asset. By adding bitcoin to its balance sheet, electric car maker Tesla confirmed a new dawn for the crypto industry and reflected a trend of rising institutional interest that has propelled BTC to a new all-time high.
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