<p>Bitcoin and ethereum reached record highs on Tuesday when Elon Musk's Tesla Inc invested $1.5 billion in Bitcoin.</p>.<p>The cryptocurrency posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report.</p>.<p>Bitcoin added as much as 2.5 per cent to hit a record high of $47,565.86 on Tuesday, gaining 61 per cent for the year so far.</p>.<p>Musk has often mentioned on his Twitter handle how he's pro-Bitcoin. Replying in May to a tweet by author J K Rowling about Bitcoin, Musk wrote that massive debt taken on by central banks made Bitcoin more attractive. He added that he owned only a quarter of a bitcoin, which was trading below $10,000 at the time.</p>.<p>Here is Bitcoin's price trajectory over the years till its record high in February.</p>
<p>Bitcoin and ethereum reached record highs on Tuesday when Elon Musk's Tesla Inc invested $1.5 billion in Bitcoin.</p>.<p>The cryptocurrency posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report.</p>.<p>Bitcoin added as much as 2.5 per cent to hit a record high of $47,565.86 on Tuesday, gaining 61 per cent for the year so far.</p>.<p>Musk has often mentioned on his Twitter handle how he's pro-Bitcoin. Replying in May to a tweet by author J K Rowling about Bitcoin, Musk wrote that massive debt taken on by central banks made Bitcoin more attractive. He added that he owned only a quarter of a bitcoin, which was trading below $10,000 at the time.</p>.<p>Here is Bitcoin's price trajectory over the years till its record high in February.</p>