Elon Musk’s Tesla buys $1.5 billion in bitcoin

Tesla plans to accept it as a viable payment

Tesla said it will start accepting payments in bitcoin in exchange for its products. This comes at a time where Elon is seen to strongly seen to support to $DOGE as a new cryptocurrency. “subject to applicable laws and initially on a limited basis.” That would make Tesla the first major automaker to actually use bitcoin as a transaction method. The $1.5 billion worth of bitcoin will give Tesla liquidity in the cryptocurrency once it starts accepting it for payments.

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