Tesla's Bitcoin Bet Turns right into a Nightmare


The record of victims of the Bitcoin and cryptocurrency crash continues to develop day by day. Tesla  (TSLA) – Get Tesla Inc. Report, the producer of electrical automobiles is now a part of it. 

Elon Musk’s firm had invested $1.5 billion in Bitcoin on February 8, 2021. This funding misplaced a variety of worth as cryptocurrency costs plummeted. Bitcoin has fallen and is at the moment buying and selling at its lowest stage since December 2020.

Bitcoin is at $22,499.99, in comparison with $69,044.77 reached final November. In eight months, Bitcoin has misplaced 67.5% of its worth.

Source: www.thestreet.com