Has Bitcoin Just Gone Mainstream?
The US Securities and Exchange Commission reports that Tesla has invested $1.5 billion in bitcoin, citing the interest for greater flexibility in diversifying and maximizing returns on its cash reserves, has prompted many people to rethink their relationship with the cryptocurrency, its potential and its future prospects. Tesla says it understands the volatility of the price of bitcoins, but says it will begin accepting bitcoin payments for its vehicles, making it the first major car company to do so.
