We’re off to Mars: Investors aim high after Tesla’s punt on Bitcoin


It was the moment the cryptocurrency world had been waiting for. Long seen as being on the fringes of finance, struggling for legitimacy and too volatile to be considered a sensible investment, Bitcoin has been viewed with suspicion by regulators and governments.So Monday’s announcement that Elon Musk’s Tesla, one of the world’s biggest companies, had invested $US1.5 billion ($1.9 billion) in the digital currency felt like a stunning validation.“Buckle up, we’re passing the Moon and heading to Mars!” tweeted Tyler Winklevoss, one half of the twin brother pair best known for suing Mark Zuckerberg, who have since restyled themselves as cryptocurrency entrepreneurs. Michael Saylor, the head of MicroStrategy, a US software company that, like Tesla, has put much of its reserves into Bitcoin, said: “The entire world will benefit from this leadership.”Saylor, whose $US1.1 billion investment in Bitcoin last October has almost trebled in value since then, is believed to…

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