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09 Feb 2021

Elon Musk, Bitcoin & Tesla

Elon Musk, Bitcoin & TeslaOver the years, Bitcoin has been a volatile investment for a number of reasons. The price of the token was up to $25000 CAD in late 2017, then plummeted down to $4000 CAD in 2018, and now sits at a record high $58000 CAD. In addition to the volatility in the markets, there have been a number of Bitcoin scams over the years, with Guelph becoming a bit of a hotspot. There were 3 reported scams in November, 1 in January, and another just a few days ago. Even with all the risks, of course Elon Musk couldn’t resist the pull of the token. Tesla is the newest investor in Bitcoin, after taking a $1.5 billion USD stake a few days ago. This prompted prices to jump over $44000 USD per token for the first time ever. Tesla also announced that it would be accepting tokens as a form of payment fr

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