Bitcoin Prices Soar After Tesla Revealsbr $1.5 Billion Stake in Cryptocurrency .br On Monday, Bitcoin’s price soared 15 percentbr higher, spiking at around $44,000.br The cryptocurrency’s sharp jump was duebr to Tesla’s same-day announcement that it hadbr bought $1.5 billion worth of Bitcoin. .br In a filing with the Securities and Exchange Commission,br Tesla said they did so to create “more flexibility tobr further diversify and maximize returns on our cash.” .br Tesla also said that in the future, they “expect” to investbr in digital assets and accept Bitcoin as a form of payment. .br We expect to begin accepting bitcoinbr as a form of payment for our productsbr in the near future, subject to applicablebr laws and initially on a limited basis. , Tesla, via CNBC.br According to Wedbush analystbr Dan Ives, Tesla’s investment will havebr a “ripple effect” across the globe. .br [Their stake] will have a ripple effectbr across corporations around thebr global … [It is a] potential gamebr changing move for the use of bitcoinbr from a transactional perspective, Dan Ives, via CNBC.br Tesla’s investment is just the latest sign thatbr cryptocurrency is becoming widely embraced. .br Fidelity Investments, Square and PayPalbr announced last year that they would allow theirbr customers to utilize the digital asset.