Investing in Bitcoin is already paying off for US automaker Tesla in accordance with analyst at Wedbush Securities Daniel Ives who calculated that the corporate has already made round $1bn in paper income from its funding.

Again in January, the corporate introduced that it had bought $1.5bn worth of Bitcoin in an effort to “additional diversify and maximize returns” on its money. Tesla additionally stated that it’ll start accepting the cryptocurrency as cost for its electrical automobiles on a restricted foundation sooner or later.

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