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Did Elon Musk buy bitcoin?

Elon Musk's car firm Tesla has said it bought about $1.5bn (£1.1bn) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in future. The news caused the price of Bitcoin to jump 17% to $44,220, a record high.

Did Elon Musk tweet about crypto?

As Elon Musk tweets go, so goes the crypto market. The billionaire and Tesla CEO has been tweeting about crypto a lot, too, sending the price of bitcoin — as well as dogecoin — up and down with fewer than 280 characters. Musk’s cryptocurrency tweets in the past two months have been particularly impactful for bitcoin.

Why did Tesla stop accepting bitcoin?

Tesla last year stopped accepting Bitcoin as payment for its cars, citing concerns about the climate impact of energy-intensive Bitcoin mining. At the time, Mr Musk said on social media that the company would not be selling the Bitcoin it owned. Last year, Elon Musk took to Twitter to outline Tesla's position on Bitcoin.

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