The price of bitcoin surged above $47,000 on Tuesday, building on gains following news that electric-car maker Tesla has invested $1.5 billion in the cryptocurrency and may accept it as future payment for products.
After reaching a record of near $44,000 on Monday, bitcoin prices
hit $45,000, $46.000 and $47,000 later that evening, according to CoinDesk. Prices were last trading at $47,651 on Tuesday.
Sparking the fresh surge for bitcoin was a Tesla
regulatory filing with the Securities and Exchange Commission on Monday. It revealed Tesla acquired $1.5 billion in bitcoins in January and plans to accept it “as a form of payment for our products in the near future, subject…