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Elon Musk’s Embrace Moves Bitcoin Even Further Into the Mainstream
Tesla’s $1.5 billion investment in the digital currency is boosting prices, but using the volatile crypto asset could prove a challenge for consumers.
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Tesla Inc.’s $1.5 billion splash on Bitcoin and its plan to accept the digital currency as payment is shooting crypto prices to record highs Monday. But fans have a question for Elon Musk: What took him so long?
The world’s richest person and Tesla chief has long been a cryptocurrency supporter. Just last Thursday he sent Bitcoin alternative Dogecoin to the stratosphere when he tweeted an illustration of himself thrusting its canine mascot to the sky.