Bitcoin has passed another all-time high milestone, surpassing $47,550 for the first time.
The price of bitcoin has passed another all-time high milestone, surpassing $47,550 for the first time.
The cryptocurrency is currently trading hands at roughly $
— an increase of more than +21.63% percent in the past 24-hours, per data from the exchange.
Tesla Inc (NASDAQ: TSLA) investor Ron Baron says the company’s decision to invest $1.5 billion in Bitcoin (BTC) and accept the digital currency as a payment option is “not surprising.”
Musk Likes Bitcoin: Tesla CEO Elon Musk has been “commenting favorably” on bitcoin for a while, Baron said in the statement to CNBC. It’s likely Tesla is not “speculating on the price of bitcoin,” rather using it as a payment system.
Other heavyweight investors such as Stanley Druckenmiller and Paul Tudor Jones, CIO of Tudor Investment Corp., are equally bullish on bitcoin, while companies like Paypal Holdings Inc (NASDAQ: PYPL) are building out its digital currency offerings.