He also has taken to social media in recent days to promote dogecoin, another digital money that was originally launched as a joke but has suddenly become more valuable.
As a result “we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future.” In October, Paypal announced it would permit consumers to conduct transactions in cryptocurrency, while payments company Square said it would invest $50 million in bitcoin.
Tesla too acknowledged in the SEC filing that digital assets “may continue to be highly volatile” and vulnerable to “malicious” technology-based attacks. “Tesla is going to be a major player in the auto industry and if it starts accepting bitcoin as a form of payment, it will give the digital currency further legitimacy.”