The rise of cryptocurrency in 2020 has continued into 2021, as many are making their way too investing in Bitcoin.

According to reports, Tesla has invested $1.5 billion into Bitcoin, and also noted they will begin to accept Bitcoin as a form of payment. Because of this, the cryptocurrency has seen a boost in value after getting the stamp from Tesla. News of the move from Tesla stems from a securities filing that was made by the company, who reportedly also updated their investment policy to allow investment in gold exchange-traded funds, gold bullion, and digital assets. When speaking on the change in their securities filing, Tesla said:

“We expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis.”