The filing, which comes one week after Musk changed his Twitter bio to “Bitcoin” when the price was at $32,000, goes on to state that TEsla “may acquire and hold digital assets from time to time or long-term”.
“We invested an aggregate $1.50 billion in bitcoin under this policy.” The statement continued. “Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.”
During Bitcoin’s 11-year history its use case as a means of payment has always suffered due to its perceived volatility, however a company as large as Tesla endorsing it may begin to quash those fears.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.