Elon Musk’s Tesla recently made the announcement that it was picking up $1.5 billion in Bitcoin while also confirming that it will accept the cryptocurrency when people buy cars, too.
While we’ve seen Bitcoin go through huge bumps like this before, there’s been a crash shortly afterward. That isn’t thought to be the case here, with many reporting that things are different this time around.
Bitcoin, of course, isn’t the only cryptocurrency in town but it’s the one that everyone seems to know and it’s definitely the one that the likes of Tesla and other companies are starting to get into. Whether that’s going to continue into the future, however, remains to be seen.