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WARNING: A year after turbulent crypto-currency trading, Tesla cashed out more than $936 million!!!

Bitcoin soared to delirious highs in 2021

The influx of interest in cryptocurrencies in the wake of the closely watched automotive company's financial activities is considered a factor in the cryptocurrency's unprecedented upsurge in 2021. Meanwhile, Tesla directly benefited from its investment in cryptocurrency, securing more than $100 million in profits.
The price of notoriously volatile cryptocurrency known as Bitcoin rose precipitously before Tesla announced that it had moved in February of 2021. Tesla stopped promoting the sale of its vehicles based on this virtual currency in May of 2021, acknowledging the environmental impact resulting from crypto mining's heavy reliance on fossil fuels.

Created on: 2022-07-25 19:54
Last modified on: 2022-07-25 20:06
By: rema