Tesla said on Monday it had invested about US$1.5 billion in bitcoin and expected to begin accepting payment for its cars and other products with it in the near future, a move analysts say will help normalize cryptocurrency.
Chief Executive Officer Elon Musk is a well-known supporter of bitcoin and has been weighing in regularly over the past week to a frenzy in retail investment and said a week ago that bitcoin was "on the verge" of becoming more widely accepted among investors.
Daniel Ives, managing director of Wedbush Securities, said that it was a "game-changer" for Tesla and that it could start to change how bitcoin is used. Zacks equity strategist David Borun added that if Tesla starts pricing cars by how much bitcoin it costs, it would cause a "certain currency normalization."
For more info, please go to https://globalnews.ca/news/7626900/tesla-bitcoin-investment/
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- Drone footage shows damaged buildings after powerful earthquake in Greece March 3, 2021
- Alberta health officials provide update on second doses of COVID-19 vaccine | LIVE March 3, 2021
- WATCH LIVE: National Guard, security officials testify on Capitol attack March 3, 2021
- Gov. Andrew Cuomo addresses allegations, refuses to resign March 3, 2021
- Live: Biden Delivers Remarks at Virtual Event with House Democratic Caucus | NBC News March 3, 2021
- ABC News Live Update: Biden says there could be enough vaccine supply by May March 3, 2021
- New COVID-19 vaccine, Myanmar deaths, migrants protest: World in Photos, March 3 March 3, 2021
- Celebrating World Wildlife Day March 3, 2021
- New York Gov. Andrew Cuomo comments on sexual harassment allegations March 3, 2021
- Demonstration: How to Monitor Oxygen Levels and Deliver Oxygen Therapy March 3, 2021
- Alek Minassian found guilty of 1st-degree murder in 2018 Toronto van attack March 3, 2021
- Myanmar coup: Protesters use smoke grenades, fire extinguishers for cover as crackdown continues March 3, 2021
- Trudeau, Canadian ministers provide COVID-19 update | LIVE March 3, 2021
- Capitol riot: National Guard, Homeland Security officials testify before Senate | LIVE March 3, 2021
- WATCH LIVE: New York Gov. Cuomo expected to hold pandemic briefing and make announcement March 3, 2021
- 1 year into the pandemic, working moms are still trying juggle it all March 3, 2021
- Vaccine supply update l On Location March 3, 2021
- Biden says there could be enough vaccine supply for every adult by end of May March 3, 2021
- Dr. Seuss controversy March 3, 2021
- Rockets hit military airbase with US troops in Iraq l GMA March 3, 2021
- Mr Biden and Dr Fauci and EU difficulties March 3, 2021
- DRL Strengthening Worker’s Rights in Armenia March 3, 2021
- February 2021 ACIP Meeting – Welcome & Rabies Vaccines March 3, 2021
- February 2021 ACIP Meeting – Public Comment & Tick-borne Encephalitis (TBE) Vaccine March 3, 2021
- February 2021 ACIP Meeting – Ebola Vaccine March 3, 2021
- February 2021 ACIP Meeting – Welcome & Pneumococcal Vaccines March 3, 2021
- February 2021 ACIP Meeting – Zoster & Influenza Vaccines March 3, 2021
- February 2021 ACIP Meeting – Cholera & Orthopoxviruses Vaccines March 3, 2021
- Released Nigerian schoolgirl recounts harrowing kidnapping March 3, 2021
- Violence in Arab-Israeli towns intensifies March 3, 2021
- US finds Russia poisoned Navalny, joins EU in sanctions March 3, 2021
- Renowned artist Damien Hirst shares funny story about fame March 3, 2021