Elon Musk Invested $1.5 Billion In Bitcoin

Elon Musk recently revealed that they invested $1.5 billion of its cash into Bitcoin. This sparked a flurry of conversation about both the wisdom of the move and whether Bitcoin is a legitimate asset. While all investors were debating, Elon Musk’s company made a profit of a billion on this trade. Tesla’s progress into bitcoin represents an investment of a significant percentage of its cash in the investment. This has encouraged more and more people to explore this form of digital currency and invest in them. Over the last few years, Cryptocurrencies have gained huge popularity as an alternative form of currency and as an investment and Bitcoin is becoming popular day by day. This has captured the vision of many young investors and millennials.

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