Electric carmaker Tesla invests $1.5 bn in bitcoin

New York (AFP) – Tesla helped push bitcoin to an all-time high Monday after the carmaker announced a $1.5 billion investment in the digital money and plans to accept the cryptocurrency from customers buying its electric vehicles. The announcement comes on the heels of a cheeky social media embrace of bitcoin by iconoclastic Tesla CEO Elon Musk, and marks the latest step in the mainstreaming of the cryptocurrency Bitcoin’s value has risen by about 50 percent this year, but skeptics say it is still highly volatile and regulators warn it is vulnerable to illicit use. Musk, an expert at disrupting…

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