Tesla Is Holding $1.5 Billion in Bitcoin, Marking a New Era for Cryptocurrency
Tesla (NASDAQ: TSLA) revealed in a regulatory filing last week that it had invested $1.5 billion in cryptocurrency Bitcoin (CRYPTO: BTC) and "may acquire and hold digital assets from time to time or long-term." The company went even further, suggesting that it expects to begin accepting Bitcoin as a form of payment for its products in the near future. Given Elon Musk's visionary history, is this the beginning of a new era for cryptocurrency?
On this clip from Motley Fool Live, recorded on Feb. 8, "The Wrap" host Jason Hall, Fool analyst Auri Hughes, and Fool.com contributor Danny Vena discuss the move and whether there will be much more Bitcoin in Tesla's coffers by year end.
Source Fool.com
