You can buy Tesla cars for Bitcoin

When Tesla invested USD 1,5 billion in Bitcoiny, announced that it was not only an investment of capital, but also the beginning of a change in the company's business policy. It didn't take long for the next step. The company's owner, billionaire Elon Musk, has just announced that BTC can now be used to pay for his company's electric cars.

Be sure to read: How to buy Bitcoin? [Guide]

Recall: Tesla said it purchased Bitcoin for $ 1,5 billion in January. The cryptocurrency exchange rate broke the all-time record after this information. Tesla wants to diversify resources and keep some of the surpluses in cryptocurrencies - at first in Bitcoins. This is possible thanks to Tesla's investment policy approved by the Audit Committee of the Board of Directors. According to it, surpluses may be invested in companies listed on stock exchanges, gold and other precious metals, ETFs and digital assets. 

- We have invested a total of $ 1,5 billion in Bitcoin and we can acquire and hold digital assets for the short term or long term. In addition, we expect to start accepting Bitcoin as a form of payment for our products in the near future, in line with applicable regulations and initially to a limited extent - was written in the Tesla report.

By the way, the company announced that soon its cars can be purchased for cryptocurrency. It didn't take long for that promise to be fulfilled.

Elon Musk: Tesla is now available for Bitcoin purchases

Information on this as usual via your account Elon Musk announced on Twitter. This resulted in an increase in the cryptocurrency exchange rate, which, however, after a few hours was leveled and BTC still ranks in the sideways trend channel.

The information itself is of course nothing new, but Elon Musk also announced that the Bitcoins that Tesla will receive for cars will not be converted into fiat currencies. The company will store cryptocurrencies and thus increase the already substantial BTC resource. The company does not reveal how much cryptocurrency it considers to be the limit, so it can be expected that a lot will depend on the market environment that such a large player will have a key impact on.