As if all the rage surrounding Bitcoin needed another catalyst, news of Elon Musk buying $1.5 billion of the leading cryptocurrency swept over the digital currency world, and it saw its price vault above $48,000 for the first time. Musk is following in the footsteps of Square Inc. (SQ) and MicroStrategy Inc. (MSTR) in buying […]
Bitcoin
Tesla Leads Fortune 500 into Crypto with $1.5B Bitcoin Move
Bitcoin’s bull run may be set to intensify as the market anticipates a pick up in corporate demand prodded on by Tesla’s (TSLA) major investment in the cryptocurrency. “Prices can fly very high, I expect other heavyweights to follow suit,” trader and analyst Alex Kruger told CoinDesk over WhatsApp, referring to Tesla’s bitcoin (BTC) purchases […]