The price of Bitcoin as measured in USD has gone up dramatically today as it was announced in Tesla’s (TSLA) SEC 10-K filing that the company purchased $1.5 billion worth of Bitcoin. Even better? The company announced that it expects to begin accepting payment for its electric vehicles in Bitcoin in the future. Per the announcement in the filing:
Elon Musk has become somewhat famous for moving markets with his Tweets about crypto, in particular Bitcoin and Dogecoin. He recently indicated that, despite being late to the crypto party, he thinks Bitcoin is on the cusp of widespread acceptance. If the company he founded has anything to say about it, that’s certainly the case.