Elon Musk's Tesla plans to invest $ 1.5 billion in Bitcoin, plans to take payments in Cryptocurrency

 Elon Musk's Tesla plans to invest $ 1.5 billion in Bitcoin, plans to take payments in Cryptocurrency

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Tesla Inc, the electronic car maker of billionaire businessman Elon Musk, said on Monday that it had invested $ 1.5 billion in Bitcoin and that it would be able to buy its products and car buyers in the future. Is working on a plan to allow cryptocurrency to be accepted in payments. After this news, the price of cryptocurrency Bitcoin reached the highest level. On Monday, the Bitcoin price jumped 10 percent to a record level of $ 43,625.

This was disclosed in an annual report on Monday from Tesla regarding investment in Bitcoin. It says that the Members of the Board Audit Committee have updated Tesla's investment policy. Tesla founder Elon Musk said he was excited about Bitcoin. Last month, he changed the Twitter biography to #bitcoin, after which it saw a surge in prices.

Experts say the move by well-known companies around the world will prove to be a game-changer for Bitcoin. Central banks still remain skeptical about the digital currency, while analysts say the real world is eager to use bitcoin. Tesla said the decision to invest in Bitcoin as part of its broader investment policy as the company aims to diversify and maximize its return on the city.

Cryptocurrency is a currency that is issued privately as a digital medium. It works on the basis of Distributor Laser Technology (DLT) like cryptography and blockchain. In simple language, if told, blockchain is a book account in which transactions are registered as blocks. They are linked using cryptography. Cryptography is a secure way of saving and sending information, in which code is used and only that person can read the information for which it is sent.

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