This story was originally published here.
The price of Bitcoin (BTC) is surging higher on Monday after Tesla (NASDAQ:TSLA) announced a $1.5 billion investment in the cryptocurrency.
Tesla revealed its bitcoin investment in a filing with the U.S. Securities and Exchange Commission (SEC). In this filing, the company notes that it updated its investment guidelines in January. This allows for more varied investment opportunities.
According to that filing, the company picked up a total of $1.5 billion in bitcoin after changing its policy. Tesla will also start accepting bitcoin as a form of payment for its products in the near future.
While the price of bitcoin is soaring on the news, Tesla does point out that the investment comes with its own unique set of risks… Story continues here.
A money revolution far bigger than Bitcoin
The arrow in the image below shows where the cryptocurrency market is at this time…
Right on the cusp of mass acceptance by mainstream users.
But two unrelated events are about to make select cryptos household names… and… shower investors with untold fortunes.
Due to these events more people will flock to cryptocurrencies than ever before and leave fiat money (like the dollar) in the dust.
In fact, .
Business Insider says, “As many as 36% of institutional investors in the US and Europe own crypto assets.”
Tom Jessop, president of Fidelity Digital Assets, says there is now “greater interest in and acceptance of digital assets as a new investable asset class.”
And the new surge in demand along with diminishing supplies is about to send select coins to record highs.
Good luck and God bless!
P.S. By the way… certain coins are likely to explode higher in value than others. I'll show you how to get my list of top cryptocurrencies to buy and WHEN to buy them. All the details are right here.