Big Corporates Invest in Bitcoin

Tesla has made a beginning by investing a massive sum of $1.5 billion in Bitcoin, taking it to high price level of $44000. It intends to accept payments for its cars and other products in Bitcoin. Bitcoin has got acceptance among investors. Corporates in future could allocate to Bitcoin so as to follow Tesla. Each stakeholder of Tesla now owns Bitcoin by extension. Prior to this, Bitcoin has been supported by the financial institutions.

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