Elon Musk’s appetite for bitcoin to limit

Tesla investors decided to limit Elon Musk’s appetites for buying bitcoins. According to The Times, investment company Baillie Gifford, one of the five largest shareholders of Tesla, is going to raise this issue.

Baillie Gifford partner James Anderson clarified that investors are happy with the purchase of a $ 1.5 billion cryptocurrency, but no one warned them about such an intention. Now he is going to discuss with Musk the limits on the amount that can be invested in bitcoin.

Earlier in February, Tesla announced the purchase of bitcoins for $ 1.5 billion and announced that in the near future it will be possible to pay for its products with cryptocurrency. After that, the bitcoin price went up sharply and by February 9, it reached an all-time high of $ 48,000 per coin.

According to analysts, by the end of this week, the rate may overcome the bar of 50 thousand dollars if other large companies follow Tesla’s example. However, with the decline in the impact of such statements, the value of the cryptocurrency may drop to 33-37 thousand dollars.

Earlier, Musk, speaking about the future of cryptocurrency, said: “At the moment, I think that Bitcoin is good. I do not have a clear opinion about other cryptocurrencies.” He added that he should have bought bitcoin eight years ago.

/Media reports.