Bitcoin reaches a new record high after Tesla disclosed it invested $1.5 billion in Bitcoin and Tesla also says "we expect to begin accepting Bitcoin as a form of payment for our products in the near future."
Bitcoin’s value surged by more than 20% Monday to $45,000 after Tesla announced its purchase in a filing with the Securities and Exchange Commission under an updated investment policy designed to “provide us with more flexibility to further diversify and maximize returns on our cash.”
Tesla's shares also increased in the wake of the announcement.