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Bitcoin: what Elon Musk’s U-turn on Tesla payments means for future of crypto
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Tesla’s relationship with cryptocurrencies has been a stop-start rollercoaster. In February, the electric vehicle manufacturer announced it had purchased US$1.5 billion (£1.1 billion) of bitcoin and planned to accept the cryptocurrency in future as a means of payment from its customers.
The price of the largest cryptocurrency surged that day from just over US$39,000 to US$46,000, on its way to an all-time high of almost US$65,000 in April – and a paper profit of well over US$1 billion for Tesla.
Fast-forward a few short weeks and the situation has changed entirely. First came the news in late April that Tesla had sold 10% of its bitcoin holdings, reportedly to demonstrate the digital currency’s liquidity.
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09.02 / 22:21
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Sarah Paulson Is Set Star As Glennon Doyle in the Untamed TV Series
Deadline reported that Glennon Doyle’s memoir Untamed was set to be adapted into a television series by J.J. Abrams’ Bad Robot production company — Adele recently credited the book as being behind her new-found confidence. In Untamed, Doyle shares her story of meeting and falling in love with her wife, soccer super star Abby Wambach; of following her heart and upending her life; and about finding her truest self.
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