Tesla Buys USD1.5B In Bitcoin Triggering Bitcoin Surge - Market Commentary On Bitcoin From Paolo Ardoino, CTO At Bitfinex

Elon Musk's Tesla revealed it had purchased USD1.5 billion of bitcoin and would soon accept the digital currency as payment for its high-end vehicles. The price of Bitcoin soared 15% to above USD43,000..

Commenting on this development Paolo Ardoino, CTO at Bitfinex said:

“Today’s rise to a new bitcoin all-time high comes as Elon Musk’s Tesla invests US$1.5B into the world’s biggest cryptocurrency. The diversification of Tesla’s investment policy into digital assets adds further momentum to bitcoin’s rise as institutional investors are rushing towards the king of crypto. The tectonic plates of the global investment landscape have shifted. Etheruem and alt-coins are also in the green while Tether tokens (USDt) make their way towards a market capitalization of US$30 billion.”