Tesla & Bitcoin : The Bad part of Good Story
What happened? Tesla announced their investment of $1.5 Billion in Bitcoin along with that co. also intends to accept biggest crypto currency as a form of payment for their products and services. Bitcoin so received against product and services may or may not liquidate . So Tesla became first non-fintech Fortune 100 company to load up on bitcoin Here is the snapshot of this mega news from Tesla's annual report Source: Tesla Annual Report The Reactions from all over the world: 1.B itcoin price jumped to an all-time high of above $48,00 0 on Tuesday morning as investors rushed into the asset after Elon Musk 's Tesla said it had bought up $1.5 billion of the cryptocurrency. The news led to surge in Tesla's Bitcoin investment by $561 million (37% gain). 2. Other major cryptocurrencies, such as ethereum, tether and ripple, were also trading up to 3% in the green 3. "You're going to see every company in America do the same thing [as Tesla]," No...