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Bitcoin Hits New All-Time High of $44,800 as Tesla Embraces BTC

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Mon, 02/08/2021 - 13:09
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Yuri Molchan
Bitcoin has reached another all-time high in the past two months, now stepping over $44,500
Bitcoin Hits New All-Time High of $44,800 as Tesla Embraces BTC
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As Tesla has announced the acquisition of $1.5 billion worth of Bitcoin, the flagship cryptocurrency skyrocketed to a new all-time high of $44,800.

BTC
Image via TradingView

It pulled back right away, dropping to around $1,000 almost immediately, trading at $43,662 at the moment.

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BREAKING: Tesla Gets $1.5 Billion Worth of Bitcoin

Tesla embraces Bitcoin, the crypto community celebrates

Less than an hour before that, the word was spread that e-car manufacturing Tesla behemoth had purchased a mammoth $1.5 billion worth of Bitcoin to add it to its balance sheet.

The company has also announced that, in the near future, it intends to start accepting cryptocurrencies as a means of exchange for its products.

Earlier in February, Elon Musk admitted to turning into a Bitcoin supporter and stated that the major cryptocurrency is in for mainstream adoption by corporations.

He even tagged Bitcoin in his Twitter bio but then removed it and recently returned to shilling his favorite DOGE on his Twitter page.

BTC
Source: Twitter
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.