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<blockquote data-quote="cheryl" data-source="post: 4770657" data-attributes="member: 1"><p><a href="https://www.reuters.com/article/us-tesla-crypto-currency-idUSKBN2A81CG" target="_blank"><strong>A Tesla for a bitcoin: Musk drives up cryptocurrency price with $1.5 billion purchase - Reuters</strong></a></p><p></p><p>Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk’s electric vehicle company Tesla Inc revealed it had bought $1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars, sending the cryptocurrency shooting higher.</p><p></p><p>The announcements, buried deep in Tesla’s 2020 annual report, drove a 16% surge in the world’s most widely held cryptocurrency to over $43,000. At current prices, 0.88 bitcoins would be enough to buy an entry-level Tesla Model 3.</p><p></p><p>Investors anticipated other companies will soon join a list of firms that invest in or hold bitcoin including BlackRock Inc, the world’s largest asset manager, and payments companies Square and PayPal.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4770657, member: 1"] [URL='https://www.reuters.com/article/us-tesla-crypto-currency-idUSKBN2A81CG'][B]A Tesla for a bitcoin: Musk drives up cryptocurrency price with $1.5 billion purchase - Reuters[/B][/URL] Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk’s electric vehicle company Tesla Inc revealed it had bought $1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars, sending the cryptocurrency shooting higher. The announcements, buried deep in Tesla’s 2020 annual report, drove a 16% surge in the world’s most widely held cryptocurrency to over $43,000. At current prices, 0.88 bitcoins would be enough to buy an entry-level Tesla Model 3. Investors anticipated other companies will soon join a list of firms that invest in or hold bitcoin including BlackRock Inc, the world’s largest asset manager, and payments companies Square and PayPal. [/QUOTE]
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