What investors have to say about Tesla’s $1 Billion Dollar investment in Bitcoin?
The document released by Tesla said; “We updated our investment policy to provide us with more flexibility to further diversify. And maximize returns on our cash that is not required to maintain adequate operating liquidity,”
Tesla has bought $1.5 Billion Bitcoin after updating the company’s investment policy to promote digital assets, a filing is done under SEC (Security Exchange Commission). This is definitely a risky move for a company or for the world’s richest man Elon Musk to make such a big investment in the times like these. The price of Bitcoin has risen nearly $8000 or say 18.75% in just a day time after the announcement made by Tesla.
But some investors fear that going all crypto could damage its climate bonafide and its reputation among the existing customers. In fact on...