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The US electric car manufacturer Tesla is relying on the crypto currency Bitcoin on a large scale.

As announced by CEO Elon Musk, Tesla is investing $ 1.5 billion, equivalent to 1.25 billion euros, in the digital currency.

The value of Bitcoin had risen sharply in recent months - at the beginning of January it climbed to over 40,000 dollars.

The announcement from Tesla caused the price to rise to over $ 43,000 within minutes.

Musk had already made his stance towards the currency clear a few days ago: he wrote #bitcoin in a nutshell on his Twitter profile.

An important reason for the upswing in recent months was the announcement by the payment service PayPal in autumn that it would allow account holders to use crypto currency.

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The idea behind the digital currency is a currency that exists independently of states, central banks and monetary policy.

Unlike traditional currencies, digital means of payment are not controlled from a central point, and bookings do not have to be confirmed by a central point.