Bitcoin prices soar as Tesla says it bought $1.5 billion worth
I figured we would mention what seems to be taking over the internet as far as Fans of cryptocurrency. Anyway and that is that tesla has purchased one point five billion dollars worth of bitcoin and plans to accept bitcoin for its products. And this is bitcoin legacy it this says. Btc specifically this is from bitcoin dot com. And that's it says plans to accept. Btc for products. I would have to imagine at some point. He will expand that. But i don't think i would guess for something like a tesla vehicle that you know the amount you're gonna pay for one of those makes things like the fees sort of it know okay. That's reasonable if you're going to spend you know forty thousand on up on a vehicle you know the network feed the transaction fees as high as they get sometimes when bitcoins flying it. What is it today. Forty thousand dollars thirty eight. I think it went up to forty four thousand dollars today. Setting a new record high right. If it came back down is at thirty eight and now it's i think it's back up to around forty three forty five. It's been i think forty three most of the day which of course means that transaction fees are higher. It's gonna you more than network is busier now. Cost you more. But i would imagine buying something. Like a tesla vehicle a little bit of extra fee for that type of purchases. It gonna make much of a difference to somebody in that market. But i mean play things for the rich. Don't hurt but i don't think it was Saotome she's primary concern the publicity listed. I'm sorry the publicly listed from tesla has announced in a securities and exchange commission form ten k filing that the company has purchased one point. Five billion dollars worth of bitcoin.