This year, electric car company Tesla announced that it had bought €1.2 billion of the cryptocurrency, Bitcoin.
It also simultaneously became the first major car manufacturer to take payments for its products using the cryptocurrency. It was a big investment for the company, which said it wanted “more flexibility to further diversify and maximise returns”.
The value of the digital asset surged, reaching a high of nearly €48,000 per coin. But it then subsequently tumbled leaving many investors out
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