Tesla makes a big step towards crypto

Tesla Inc. announced it acquired $1.5 billion worth of bitcoin, and just revealed the intention to integrate digital currency as a type of payment for the company’s products.“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,” Tesla declared in its filing.

After making some changes to the investment policy of the company last month, Tesla Inc. is now authorized to invest in digital resources or gold funds. This diversification is expected to bring positive changes and more flexibility when it comes to payments.

But what is happening to the crypto market after Tesla announced the news?

If we recall, Bitcoin’s price reached $38,741.58 in a few hours after Elon Musk changed the biography of his Twitter in #Bitcoin last week. So, what will happen with the price of the most popular cryptocurrency now?  Even though Tesla Inc. reminded its investors about the risk included, this big step taken by the company almost immediately affected the market.

As in the moment this article is being written, the price of bitcoin surpassed $43,000 and it keeps increasing.  Are we going towards the digital revolution of finance? We will have to wait and see. In the meantime, we can keep you updated on the latest news, and give everyone the necessary information to get started in crypto.