Big news came in the morning about Cryptocurrency. Tesla maestro Elon Musk said that he acquired 1.5 billion dollars worth Bitcoins in January. He also added that Tesla might be the world’s no.1 digital biggie for payments in the future.
After this, Bitcoin’s price surged to an all-time record, which soared at its highest as it reaches – 44.795.50 Dollars after the “vote of confidence from the electric-car market leader,” reports Bloomberg.
Tesla is one of the most prominent companies to put forward the name of Bitcoin in the day to day market. The hefty investment that is made in bitcoins boosted the legitimacy of the E-currencies despite the ongoing skepticism.
Elon Musk tagged the Cryptocurrency in his Twitter bio and also added #bitcoin to his bio; he then tweeted, “In retrospect, it was inevitable.” Tesla becomes the most prominent name to invest that kind of massive amount in Bitcoin or any cryptocurrency for that matter.
What is your take on this All-Time record set by Bitcoin? Do you think paper money will lose its existence in the coming time, and online payments will be the way we see money? Please do comment below and tell us your opinion about this boom.