🕷️ Crawler Inspector

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Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 16 (from laksa187)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa016.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.bbc.com/news/business-55939972\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.bbc.com/news/business-55939972\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.bbc.com\/news\/business-55939972","crawl_time":1774178636,"first_indexed_time":1612795236,"http_code":200,"src_unparsed":"com,bbc!www,\/news\/business-55939972 s443","src_root_hash":"1643509356818581016","history_drop_reason":null,"meta_title":"Elon Musk's Tesla buys $1.5bn of Bitcoin causing currency to spike","meta_descriptions":["The cryptocurrency surges 17% as Tesla also said it could start accepting Bitcoin as payment."],"attrs_boilerpipe_text":"8 February 2021\nGetty Images\nElon Musk's car firm Tesla has said it bought about $1.5bn (£1.1bn) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in future.\nThe news caused the price of Bitcoin to jump 17% to $44,220, a record high.\nTesla said it was trying to maximise returns on cash that is not being used in day-to-day running of the company.\nIt comes days after Mr Musk added \"#bitcoin\" to his Twitter profile page, which drove up the price.\nHe removed it days later, but has continued talking up Bitcoin and other cryptocurrencies, including Dogecoin, which jumped 50% after his endorsement.\nDogecoin takes off after tip by Elon Musk\nBitcoin tops $34,000 as record rally continues\nIn a stock market filing, Tesla said it \"updated its investment policy\" in January and now wanted to invest in \"reserve assets\" such as digital currencies, gold bullion or gold exchange-traded funds.\nIt said it had already bought $1.5bn of Bitcoin and could \"acquire and hold digital assets\" in the future.\n\"Moreover, we expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis,\" it said.\nMr Musk said a week ago in a tweet that Bitcoin was \"on the verge\" of being more widely accepted among investors.\nGame-changer?\nSome analysts said Tesla's investment could be a game-changer for the cryptocurrency.\n\"I think we will see an acceleration of companies looking to allocate to Bitcoin now that Tesla has made the first move,\" said Eric Turner, vice-president of market intelligence at cryptocurrency research firm Messari.\n\"One of the largest companies in the world now owns Bitcoin and by extension, every investor that owns Tesla, or even just an S&P 500 fund, has exposure to it as well.\"\nBut Neil Wilson, chief market analyst for Markets.com, warned that Bitcoin was a \"very volatile\" cryptocurrency.\n\"Tesla is now starting to take on big [foreign exchange] risk - this may not worry a lot of investors, but some conservative types might be concerned,\" he said.\nNo intrinsic value?\nBitcoin, which has hit record highs in recent months after a rollercoaster ride over the past decade, has also drawn support from major financial institutions this year.\nThe world's biggest money manager, Blackrock, recently changed a handful of investment mandates to allow some of its funds to invest in the currency.\nHowever, central banks remain sceptical of digital currencies.\nIn October, Bank of England governor Andrew Bailey cautioned over Bitcoin's use as a payment method.\n\"I have to be honest, it is hard to see that Bitcoin has what we tend to call intrinsic value,\" he said. \"It may have extrinsic value in the sense that people want it.\"\nMr Bailey added that he was \"very nervous\" about people using Bitcoin for payments, pointing out that investors should realise its price was extremely volatile.","attrs_markdown":"[Skip to content](https:\/\/www.bbc.com\/news\/business-55939972#main-content)\n\n[Register](https:\/\/session.bbc.com\/session?action=register&userOrigin=BBCS_BBC&ptrt=https%3A%2F%2Fwww.bbc.com%2Fnews%2Fbusiness-55939972)\n\n[Sign In](https:\/\/session.bbc.com\/session?userOrigin=BBCS_BBC&ptrt=https%3A%2F%2Fwww.bbc.com%2Fnews%2Fbusiness-55939972)\n\n- [Home](https:\/\/www.bbc.com\/)\n- [News](https:\/\/www.bbc.com\/news)\n- [Sport](https:\/\/www.bbc.com\/sport)\n- [Business](https:\/\/www.bbc.com\/business)\n- [Technology](https:\/\/www.bbc.com\/technology)\n- [Health](https:\/\/www.bbc.com\/health)\n- [Culture](https:\/\/www.bbc.com\/culture)\n- [Arts](https:\/\/www.bbc.com\/arts)\n- [Travel](https:\/\/www.bbc.com\/travel)\n- [Earth](https:\/\/www.bbc.com\/future-planet)\n- [Audio](https:\/\/www.bbc.com\/audio)\n- [Video](https:\/\/www.bbc.com\/video)\n- [Live](https:\/\/www.bbc.com\/live)\n\n- [Home](https:\/\/www.bbc.com\/home)\n- [News](https:\/\/www.bbc.com\/news)\n  - [US & Canada](https:\/\/www.bbc.com\/news\/us-canada)\n  - [UK](https:\/\/www.bbc.com\/news\/uk)\n    - [UK Politics](https:\/\/www.bbc.com\/news\/politics)\n    - [England](https:\/\/www.bbc.com\/news\/england)\n    - [N. 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[Live Sport](https:\/\/www.bbc.com\/live\/sport)\n\n[Home](https:\/\/www.bbc.com\/)\n\nNews\n\n[Sport](https:\/\/www.bbc.com\/sport)\n\nBusiness\n\nTechnology\n\n[Health](https:\/\/www.bbc.com\/health)\n\nCulture\n\nArts\n\nTravel\n\nEarth\n\nAudio\n\nVideo\n\nLive\n\n[Weather](https:\/\/www.bbc.com\/weather)\n\n[Newsletters](https:\/\/www.bbc.com\/newsletters)\n\n# Elon Musk's Tesla buys \\$1.5bn of Bitcoin causing currency to spike\n8 February 2021\n\nShare\n\nSave\n\nShare\n\nSave\n\n![Getty Images Elon Musk](https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/1831E\/production\/_116820199_elonmusk.jpg.webp)Getty Images\n\n**Elon Musk's car firm Tesla has said it bought about \\$1.5bn (£1.1bn) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in future.**\n\nThe news caused the price of Bitcoin to jump 17% to \\$44,220, a record high.\n\nTesla said it was trying to maximise returns on cash that is not being used in day-to-day running of the company.\n\nIt comes days after Mr Musk added \"\\#bitcoin\" to his Twitter profile page, which drove up the price.\n\nHe removed it days later, but has continued talking up Bitcoin and other cryptocurrencies, including Dogecoin, which jumped 50% after his endorsement.\n\n- [Dogecoin takes off after tip by Elon Musk](https:\/\/www.bbc.co.uk\/news\/business-55939854)\n- [Bitcoin tops \\$34,000 as record rally continues](https:\/\/www.bbc.co.uk\/news\/business-55515529)\n\nIn a stock market filing, Tesla said it \"updated its investment policy\" in January and now wanted to invest in \"reserve assets\" such as digital currencies, gold bullion or gold exchange-traded funds.\n\nIt said it had already bought \\$1.5bn of Bitcoin and could \"acquire and hold digital assets\" in the future.\n\n![Bitcoin chart](https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/27DA\/production\/_116820201_optimised-bitcoin_08022021-nc-002.png.webp)\n\n\"Moreover, we expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis,\" it said.\n\nMr Musk said a week ago in a tweet that Bitcoin was \"on the verge\" of being more widely accepted among investors.\n\n## Game-changer?\nSome analysts said Tesla's investment could be a game-changer for the cryptocurrency.\n\n\"I think we will see an acceleration of companies looking to allocate to Bitcoin now that Tesla has made the first move,\" said Eric Turner, vice-president of market intelligence at cryptocurrency research firm Messari.\n\n\"One of the largest companies in the world now owns Bitcoin and by extension, every investor that owns Tesla, or even just an S\\&P 500 fund, has exposure to it as well.\"\n\nBut Neil Wilson, chief market analyst for Markets.com, warned that Bitcoin was a \"very volatile\" cryptocurrency.\n\n\"Tesla is now starting to take on big \\[foreign exchange\\] risk - this may not worry a lot of investors, but some conservative types might be concerned,\" he said.\n\n## No intrinsic value?\nBitcoin, which has hit record highs in recent months after a rollercoaster ride over the past decade, has also drawn support from major financial institutions this year.\n\nThe world's biggest money manager, Blackrock, recently changed a handful of investment mandates to allow some of its funds to invest in the currency.\n\nHowever, central banks remain sceptical of digital currencies.\n\nIn October, Bank of England governor Andrew Bailey cautioned over Bitcoin's use as a payment method.\n\n\"I have to be honest, it is hard to see that Bitcoin has what we tend to call intrinsic value,\" he said. \"It may have extrinsic value in the sense that people want it.\"\n\nMr Bailey added that he was \"very nervous\" about people using Bitcoin for payments, pointing out that investors should realise its price was extremely volatile.\n\n[Dogecoin takes off after tip by Elon Musk](https:\/\/www.bbc.com\/news\/business-55939854)\n\n[Bitcoin tops \\$34,000 as record rally continues](https:\/\/www.bbc.com\/news\/business-55515529)\n\n[Elon Musk](https:\/\/www.bbc.com\/news\/topics\/c302m85q53mt)\n\n[Bitcoin](https:\/\/www.bbc.com\/news\/topics\/c734j90em14t)\n\n[Tesla](https:\/\/www.bbc.com\/news\/topics\/c8nq32jwjnmt)\n\n[Electric cars](https:\/\/www.bbc.com\/news\/topics\/cljev49lzr4t)\n\n***\nRelated\n\n[Elon Musk misled Twitter investors, jury finds](https:\/\/www.bbc.com\/news\/articles\/c62j3yl842eo)\n\n[Teens sue Musk's xAI over Grok's pornographic images of them](https:\/\/www.bbc.com\/news\/articles\/cgk2lzmm22eo)\n\n[Musk tells jury 'people read too much' into his posts](https:\/\/www.bbc.com\/news\/articles\/c7433dz4ykwo)\n\n***\nMore from the BBC\n\n[5 days ago ![An aerial shot at sunset of the gigafactory steel frame on its construction site. There are houses and countryside in the distance. ](https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/8a9d\/live\/39a54ce0-f601-11f0-842b-5772902eef21.jpg.webp) Business rates break for UK's biggest gigafactory Agratas would invest £150m in local infrastructure projects near the site in Somerset instead. 5 days ago](https:\/\/www.bbc.com\/news\/articles\/c8eg0peexdko)\n\n[8 days ago ![A red electric car parked on a residential street. A woman is standing on the pavement to the left of the car, plugging in a green electric charging cable. The cable runs along the pavement. The woman has long light brown hair, and is wearing black trousers and a bright red jacket. She has red and white trainers on.](https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/ec1c\/live\/6ba00060-1ec3-11f1-9120-a910fc22c6ac.jpg.webp) 'Zip-up' EV chargers arrive on terraced streets Owners of homes with disabled bays are first to benefit from roll-out of charging channels. 8 days ago](https:\/\/www.bbc.com\/news\/articles\/cqlgwvyzq59o)\n\n[14 Mar 2026 ![Peter Crouch in a flat tweed cap and wearing a racing jacket with green, yellow and white stripes. He is standing behind a makeshift bar filled with dozens of pints of Guinness crammed onto it and a sign in the background advertising the beer. Crouch is looking fake-shocked with his mouth wide open and pointing to the beer.](https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/1444\/live\/157a8300-1ef4-11f1-9120-a910fc22c6ac.png.webp) 'Crouch serves racegoers' and 'girl's gift to dogs' A round-up of stories from local newspapers and the BBC from the past week in the West of England. 14 Mar 2026](https:\/\/www.bbc.com\/news\/articles\/cddnj8njz88o)\n\n[11 Mar 2026 ![A stock image of a car being charged at a charging point, with the charger plugged into a green post in a street.](https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/f2a0\/live\/1040d9e0-e0ea-11f0-ab49-d7d46ee24f07.jpg.webp) Essex to get 5,000 on-street EV charging points Work begins this summer alongside a campaign to highlight the benefits of electric vehicles. 11 Mar 2026](https:\/\/www.bbc.com\/news\/articles\/cdxz84vlev8o)\n\n[6 Mar 2026 ![A person in a pink jumper holding a charging cable to the side of a silver car](https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/0b5c\/live\/2ebef1e0-18bc-11f1-97ba-493bedc7637b.png.webp) County to get 550 new electric vehicle chargers Shropshire Council says the new chargers will double the number publicly available in the area. 6 Mar 2026](https:\/\/www.bbc.com\/news\/articles\/cy5775p91pko)\n***\n- [Home](https:\/\/www.bbc.com\/)\n- [News](https:\/\/www.bbc.com\/news)\n- [Sport](https:\/\/www.bbc.com\/sport)\n- [Business](https:\/\/www.bbc.com\/business)\n- [Technology](https:\/\/www.bbc.com\/technology)\n- [Health](https:\/\/www.bbc.com\/health)\n- [Culture](https:\/\/www.bbc.com\/culture)\n- [Arts](https:\/\/www.bbc.com\/arts)\n- [Travel](https:\/\/www.bbc.com\/travel)\n- [Earth](https:\/\/www.bbc.com\/future-planet)\n- [Audio](https:\/\/www.bbc.com\/audio)\n- [Video](https:\/\/www.bbc.com\/video)\n- [Live](https:\/\/www.bbc.com\/live)\n- [Weather](https:\/\/www.bbc.com\/weather)\n- [BBC Shop](https:\/\/shop.bbc.com\/)\n- 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[**Read about our approach to external linking.**](https:\/\/www.bbc.co.uk\/editorialguidelines\/guidance\/feeds-and-links)","attrs_readable_markdown":"8 February 2021\n\n![Getty Images Elon Musk](https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/1831E\/production\/_116820199_elonmusk.jpg.webp)Getty Images\n\n**Elon Musk's car firm Tesla has said it bought about \\$1.5bn (£1.1bn) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in future.**\n\nThe news caused the price of Bitcoin to jump 17% to \\$44,220, a record high.\n\nTesla said it was trying to maximise returns on cash that is not being used in day-to-day running of the company.\n\nIt comes days after Mr Musk added \"\\#bitcoin\" to his Twitter profile page, which drove up the price.\n\nHe removed it days later, but has continued talking up Bitcoin and other cryptocurrencies, including Dogecoin, which jumped 50% after his endorsement.\n\n- [Dogecoin takes off after tip by Elon Musk](https:\/\/www.bbc.co.uk\/news\/business-55939854)\n- [Bitcoin tops \\$34,000 as record rally continues](https:\/\/www.bbc.co.uk\/news\/business-55515529)\n\nIn a stock market filing, Tesla said it \"updated its investment policy\" in January and now wanted to invest in \"reserve assets\" such as digital currencies, gold bullion or gold exchange-traded funds.\n\nIt said it had already bought \\$1.5bn of Bitcoin and could \"acquire and hold digital assets\" in the future.\n\n![Bitcoin chart](https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/27DA\/production\/_116820201_optimised-bitcoin_08022021-nc-002.png.webp)\n\n\"Moreover, we expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis,\" it said.\n\nMr Musk said a week ago in a tweet that Bitcoin was \"on the verge\" of being more widely accepted among investors.\n\nGame-changer?\n\nSome analysts said Tesla's investment could be a game-changer for the cryptocurrency.\n\n\"I think we will see an acceleration of companies looking to allocate to Bitcoin now that Tesla has made the first move,\" said Eric Turner, vice-president of market intelligence at cryptocurrency research firm Messari.\n\n\"One of the largest companies in the world now owns Bitcoin and by extension, every investor that owns Tesla, or even just an S\\&P 500 fund, has exposure to it as well.\"\n\nBut Neil Wilson, chief market analyst for Markets.com, warned that Bitcoin was a \"very volatile\" cryptocurrency.\n\n\"Tesla is now starting to take on big \\[foreign exchange\\] risk - this may not worry a lot of investors, but some conservative types might be concerned,\" he said.\n\nNo intrinsic value?\n\nBitcoin, which has hit record highs in recent months after a rollercoaster ride over the past decade, has also drawn support from major financial institutions this year.\n\nThe world's biggest money manager, Blackrock, recently changed a handful of investment mandates to allow some of its funds to invest in the currency.\n\nHowever, central banks remain sceptical of digital currencies.\n\nIn October, Bank of England governor Andrew Bailey cautioned over Bitcoin's use as a payment method.\n\n\"I have to be honest, it is hard to see that Bitcoin has what we tend to call intrinsic value,\" he said. \"It may have extrinsic value in the sense that people want it.\"\n\nMr Bailey added that he was \"very nervous\" about people using Bitcoin for payments, pointing out that investors should realise its price was extremely volatile.","meta_canonical":null}

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URL	https://www.bbc.com/news/business-55939972
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Meta Title	Elon Musk's Tesla buys $1.5bn of Bitcoin causing currency to spike
Meta Description	The cryptocurrency surges 17% as Tesla also said it could start accepting Bitcoin as payment.
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Boilerpipe Text	8 February 2021 Getty Images Elon Musk's car firm Tesla has said it bought about $1.5bn (£1.1bn) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in future. The news caused the price of Bitcoin to jump 17% to $44,220, a record high. Tesla said it was trying to maximise returns on cash that is not being used in day-to-day running of the company. It comes days after Mr Musk added "#bitcoin" to his Twitter profile page, which drove up the price. He removed it days later, but has continued talking up Bitcoin and other cryptocurrencies, including Dogecoin, which jumped 50% after his endorsement. Dogecoin takes off after tip by Elon Musk Bitcoin tops $34,000 as record rally continues In a stock market filing, Tesla said it "updated its investment policy" in January and now wanted to invest in "reserve assets" such as digital currencies, gold bullion or gold exchange-traded funds. It said it had already bought $1.5bn of Bitcoin and could "acquire and hold digital assets" in the future. "Moreover, we expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis," it said. Mr Musk said a week ago in a tweet that Bitcoin was "on the verge" of being more widely accepted among investors. Game-changer? Some analysts said Tesla's investment could be a game-changer for the cryptocurrency. "I think we will see an acceleration of companies looking to allocate to Bitcoin now that Tesla has made the first move," said Eric Turner, vice-president of market intelligence at cryptocurrency research firm Messari. "One of the largest companies in the world now owns Bitcoin and by extension, every investor that owns Tesla, or even just an S&P 500 fund, has exposure to it as well." But Neil Wilson, chief market analyst for Markets.com, warned that Bitcoin was a "very volatile" cryptocurrency. "Tesla is now starting to take on big [foreign exchange] risk - this may not worry a lot of investors, but some conservative types might be concerned," he said. No intrinsic value? Bitcoin, which has hit record highs in recent months after a rollercoaster ride over the past decade, has also drawn support from major financial institutions this year. The world's biggest money manager, Blackrock, recently changed a handful of investment mandates to allow some of its funds to invest in the currency. However, central banks remain sceptical of digital currencies. In October, Bank of England governor Andrew Bailey cautioned over Bitcoin's use as a payment method. "I have to be honest, it is hard to see that Bitcoin has what we tend to call intrinsic value," he said. "It may have extrinsic value in the sense that people want it." Mr Bailey added that he was "very nervous" about people using Bitcoin for payments, pointing out that investors should realise its price was extremely volatile.
Markdown	[Skip to content](https://www.bbc.com/news/business-55939972#main-content) [Register](https://session.bbc.com/session?action=register&userOrigin=BBCS_BBC&ptrt=https%3A%2F%2Fwww.bbc.com%2Fnews%2Fbusiness-55939972) [Sign In](https://session.bbc.com/session?userOrigin=BBCS_BBC&ptrt=https%3A%2F%2Fwww.bbc.com%2Fnews%2Fbusiness-55939972) - [Home](https://www.bbc.com/) - [News](https://www.bbc.com/news) - [Sport](https://www.bbc.com/sport) - [Business](https://www.bbc.com/business) - [Technology](https://www.bbc.com/technology) - [Health](https://www.bbc.com/health) - [Culture](https://www.bbc.com/culture) - [Arts](https://www.bbc.com/arts) - [Travel](https://www.bbc.com/travel) - [Earth](https://www.bbc.com/future-planet) - [Audio](https://www.bbc.com/audio) - [Video](https://www.bbc.com/video) - [Live](https://www.bbc.com/live) - [Home](https://www.bbc.com/home) - [News](https://www.bbc.com/news) - [US & Canada](https://www.bbc.com/news/us-canada) - [UK](https://www.bbc.com/news/uk) - [UK Politics](https://www.bbc.com/news/politics) - [England](https://www.bbc.com/news/england) - [N. 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The news caused the price of Bitcoin to jump 17% to \$44,220, a record high. Tesla said it was trying to maximise returns on cash that is not being used in day-to-day running of the company. It comes days after Mr Musk added "\#bitcoin" to his Twitter profile page, which drove up the price. He removed it days later, but has continued talking up Bitcoin and other cryptocurrencies, including Dogecoin, which jumped 50% after his endorsement. - [Dogecoin takes off after tip by Elon Musk](https://www.bbc.co.uk/news/business-55939854) - [Bitcoin tops \$34,000 as record rally continues](https://www.bbc.co.uk/news/business-55515529) In a stock market filing, Tesla said it "updated its investment policy" in January and now wanted to invest in "reserve assets" such as digital currencies, gold bullion or gold exchange-traded funds. It said it had already bought \$1.5bn of Bitcoin and could "acquire and hold digital assets" in the future. ![Bitcoin chart](https://ichef.bbci.co.uk/news/480/cpsprodpb/27DA/production/_116820201_optimised-bitcoin_08022021-nc-002.png.webp) "Moreover, we expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis," it said. Mr Musk said a week ago in a tweet that Bitcoin was "on the verge" of being more widely accepted among investors. ## Game-changer? Some analysts said Tesla's investment could be a game-changer for the cryptocurrency. "I think we will see an acceleration of companies looking to allocate to Bitcoin now that Tesla has made the first move," said Eric Turner, vice-president of market intelligence at cryptocurrency research firm Messari. "One of the largest companies in the world now owns Bitcoin and by extension, every investor that owns Tesla, or even just an S\&P 500 fund, has exposure to it as well." But Neil Wilson, chief market analyst for Markets.com, warned that Bitcoin was a "very volatile" cryptocurrency. "Tesla is now starting to take on big \[foreign exchange\] risk - this may not worry a lot of investors, but some conservative types might be concerned," he said. ## No intrinsic value? Bitcoin, which has hit record highs in recent months after a rollercoaster ride over the past decade, has also drawn support from major financial institutions this year. The world's biggest money manager, Blackrock, recently changed a handful of investment mandates to allow some of its funds to invest in the currency. However, central banks remain sceptical of digital currencies. In October, Bank of England governor Andrew Bailey cautioned over Bitcoin's use as a payment method. "I have to be honest, it is hard to see that Bitcoin has what we tend to call intrinsic value," he said. "It may have extrinsic value in the sense that people want it." Mr Bailey added that he was "very nervous" about people using Bitcoin for payments, pointing out that investors should realise its price was extremely volatile. [Dogecoin takes off after tip by Elon Musk](https://www.bbc.com/news/business-55939854) [Bitcoin tops \$34,000 as record rally continues](https://www.bbc.com/news/business-55515529) [Elon Musk](https://www.bbc.com/news/topics/c302m85q53mt) [Bitcoin](https://www.bbc.com/news/topics/c734j90em14t) [Tesla](https://www.bbc.com/news/topics/c8nq32jwjnmt) [Electric cars](https://www.bbc.com/news/topics/cljev49lzr4t) * Related [Elon Musk misled Twitter investors, jury finds](https://www.bbc.com/news/articles/c62j3yl842eo) [Teens sue Musk's xAI over Grok's pornographic images of them](https://www.bbc.com/news/articles/cgk2lzmm22eo) [Musk tells jury 'people read too much' into his posts](https://www.bbc.com/news/articles/c7433dz4ykwo) * More from the BBC [5 days ago ![An aerial shot at sunset of the gigafactory steel frame on its construction site. There are houses and countryside in the distance. ](https://ichef.bbci.co.uk/news/480/cpsprodpb/8a9d/live/39a54ce0-f601-11f0-842b-5772902eef21.jpg.webp) Business rates break for UK's biggest gigafactory Agratas would invest £150m in local infrastructure projects near the site in Somerset instead. 5 days ago](https://www.bbc.com/news/articles/c8eg0peexdko) [8 days ago ![A red electric car parked on a residential street. A woman is standing on the pavement to the left of the car, plugging in a green electric charging cable. The cable runs along the pavement. The woman has long light brown hair, and is wearing black trousers and a bright red jacket. She has red and white trainers on.](https://ichef.bbci.co.uk/news/480/cpsprodpb/ec1c/live/6ba00060-1ec3-11f1-9120-a910fc22c6ac.jpg.webp) 'Zip-up' EV chargers arrive on terraced streets Owners of homes with disabled bays are first to benefit from roll-out of charging channels. 8 days ago](https://www.bbc.com/news/articles/cqlgwvyzq59o) [14 Mar 2026 ![Peter Crouch in a flat tweed cap and wearing a racing jacket with green, yellow and white stripes. He is standing behind a makeshift bar filled with dozens of pints of Guinness crammed onto it and a sign in the background advertising the beer. Crouch is looking fake-shocked with his mouth wide open and pointing to the beer.](https://ichef.bbci.co.uk/news/480/cpsprodpb/1444/live/157a8300-1ef4-11f1-9120-a910fc22c6ac.png.webp) 'Crouch serves racegoers' and 'girl's gift to dogs' A round-up of stories from local newspapers and the BBC from the past week in the West of England. 14 Mar 2026](https://www.bbc.com/news/articles/cddnj8njz88o) [11 Mar 2026 ![A stock image of a car being charged at a charging point, with the charger plugged into a green post in a street.](https://ichef.bbci.co.uk/news/480/cpsprodpb/f2a0/live/1040d9e0-e0ea-11f0-ab49-d7d46ee24f07.jpg.webp) Essex to get 5,000 on-street EV charging points Work begins this summer alongside a campaign to highlight the benefits of electric vehicles. 11 Mar 2026](https://www.bbc.com/news/articles/cdxz84vlev8o) [6 Mar 2026 ![A person in a pink jumper holding a charging cable to the side of a silver car](https://ichef.bbci.co.uk/news/480/cpsprodpb/0b5c/live/2ebef1e0-18bc-11f1-97ba-493bedc7637b.png.webp) County to get 550 new electric vehicle chargers Shropshire Council says the new chargers will double the number publicly available in the area. 6 Mar 2026](https://www.bbc.com/news/articles/cy5775p91pko) * - 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Readable Markdown	8 February 2021 ![Getty Images Elon Musk](https://ichef.bbci.co.uk/news/480/cpsprodpb/1831E/production/_116820199_elonmusk.jpg.webp)Getty Images Elon Musk's car firm Tesla has said it bought about \$1.5bn (£1.1bn) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in future. The news caused the price of Bitcoin to jump 17% to \$44,220, a record high. Tesla said it was trying to maximise returns on cash that is not being used in day-to-day running of the company. It comes days after Mr Musk added "\#bitcoin" to his Twitter profile page, which drove up the price. He removed it days later, but has continued talking up Bitcoin and other cryptocurrencies, including Dogecoin, which jumped 50% after his endorsement. - [Dogecoin takes off after tip by Elon Musk](https://www.bbc.co.uk/news/business-55939854) - [Bitcoin tops \$34,000 as record rally continues](https://www.bbc.co.uk/news/business-55515529) In a stock market filing, Tesla said it "updated its investment policy" in January and now wanted to invest in "reserve assets" such as digital currencies, gold bullion or gold exchange-traded funds. It said it had already bought \$1.5bn of Bitcoin and could "acquire and hold digital assets" in the future. ![Bitcoin chart](https://ichef.bbci.co.uk/news/480/cpsprodpb/27DA/production/_116820201_optimised-bitcoin_08022021-nc-002.png.webp) "Moreover, we expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis," it said. Mr Musk said a week ago in a tweet that Bitcoin was "on the verge" of being more widely accepted among investors. Game-changer? Some analysts said Tesla's investment could be a game-changer for the cryptocurrency. "I think we will see an acceleration of companies looking to allocate to Bitcoin now that Tesla has made the first move," said Eric Turner, vice-president of market intelligence at cryptocurrency research firm Messari. "One of the largest companies in the world now owns Bitcoin and by extension, every investor that owns Tesla, or even just an S\&P 500 fund, has exposure to it as well." But Neil Wilson, chief market analyst for Markets.com, warned that Bitcoin was a "very volatile" cryptocurrency. "Tesla is now starting to take on big \[foreign exchange\] risk - this may not worry a lot of investors, but some conservative types might be concerned," he said. No intrinsic value? Bitcoin, which has hit record highs in recent months after a rollercoaster ride over the past decade, has also drawn support from major financial institutions this year. The world's biggest money manager, Blackrock, recently changed a handful of investment mandates to allow some of its funds to invest in the currency. However, central banks remain sceptical of digital currencies. In October, Bank of England governor Andrew Bailey cautioned over Bitcoin's use as a payment method. "I have to be honest, it is hard to see that Bitcoin has what we tend to call intrinsic value," he said. "It may have extrinsic value in the sense that people want it." Mr Bailey added that he was "very nervous" about people using Bitcoin for payments, pointing out that investors should realise its price was extremely volatile.
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