BTC - Bitcoin Stocks Soar Following Elon Musk's Tesla Announcement
The price of popular cryptocurrency Bitcoin (CRYPTO: BTC) has gone back over $40,000 per coin following a comment made by Elon Musk on social media. Musk is the founder and CEO of electric vehicle company Tesla (NASDAQ: TSLA) and said his company will once again start accepting Bitcoin as a form of payment once certain renewable-energy criteria are met. Considering some blame Musk for the current Bitcoin bear market, it seems only fitting that it's getting a boost from him today.
Stocks tied to Bitcoin are also getting a boost today. As of 12:30 p.m. EDT, Riot Blockchain (NASDAQ: RIOT) stock is up 21%, Bit Digital (NASDAQ: BTBT) is up 25%, and Marathon Digital Holdings (NASDAQ: MARA) is up 18%. Finally, shares of cryptocurrency fund Grayscale Digital Large Cap Fund (OTC: GDLC) are up 12%.
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Bitcoin Stocks Soar Following Elon Musk's Tesla Announcement