icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
24 Mar, 2021 08:39

Bitcoin jumps after Musk says crypto will be accepted as payment for Tesla cars

Bitcoin jumps after Musk says crypto will be accepted as payment for Tesla cars

The price of bitcoin surged almost 5% to over $57,000 on Wednesday, following Tesla CEO Elon Musk’s tweets saying it is now possible to buy the company’s vehicles in the United States using the cryptocurrency.

“Tesla is using only internal & open source software & operates Bitcoin nodes directly,” Musk wrote late Tuesday on Twitter, adding that “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

In a follow-up tweet, the businessman announced: “You can now buy a Tesla with Bitcoin.” People outside the US will be able to buy a Tesla car with bitcoin “later this year,” he said, without specifying which countries.

READ MORE: Bitcoin shoots past $47,000 as Tesla announces plan to start accepting cryptocurrency

Musk’s tweets have been causing huge movements in the crypto market lately, while his company Tesla’s $1.5 billion bitcoin bet sent the digital currency soaring to record highs last month. The automaker announced the cryptocurrency purchase, saying that it would soon start accepting it as a form of payment for its cars.

For more stories on economy & finance visit RT's business section

Podcasts
0:00
23:13
0:00
25:0