FX.co ★ Tesla invests in bitcoin, sending it to record highs

Over the recent weeks, Elon Musk has proved that a rocket is not the only thing he can send into the sky. The talented inventor has sent both bitcoin and dogecoin skyrocketing with the help of his Twitter account. Several tweets from Musk about the number one cryptocurrency gave a strong boost to the whole crypto market, while Tesla’s decision to invest $1.5 billion in bitcoin pushed the quotes to record highs. The company announced that it had put an aggregate of $1.5 billion into bitcoin under a new investment policy and that it might “acquire and hold digital assets from time to time or long term.” Moreover, the automaker said it would start accepting bitcoin as a payment method in the near future. It is hardly surprising that this statement has accelerated the pace of growth in digital assets. Elon Musk’s influence on the crypto world is really impressive. Markets keep monitoring bitcoin's stunning rally. While analysts are discussing its recent all-time highs, BTC is setting another record. At one point, its price reached the level of $48,000 per token. The most popular digital currency is projected to rise to $50,000 soon. Experts believe that the demand for bitcoin will rapidly increase, while such traditional assets as gold will lose their shine among investors.