Want to know what announcement by tesla made the Bitcoin price surge like anything, details inside

Tesla to accept bitcoin as payment method!

Tesla Inc said on Monday it had put around $1.5 billion in bitcoin and expected to start tolerating installment for its vehicles and different items with it sooner rather than later, provoking a 7% bounce in the electronic money.

Tesla said in a recording the choice was essential for its expansive speculation strategy as an organization and was pointed toward expanding and boosting its profits on money.

It said it had put a total $1.5 billion in bitcoin under the changed arrangement and could “obtain and hold advanced resources now and again or long haul”.

Bitcoin flooded after Tesla made the exposure to hit a record high.