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What Elon Musk’s Bitcoin Bet Means for Tesla: 5 Things to Know

Carlton Fields blockchain attorney Andrew (Drew) Hinkes was quoted in a Nikkei Asia article about the electric vehicle manufacturer Tesla’s decision to buy $1.5 billion of Bitcoin and accept the cryptocurrency as payment. Hinkes said the move may lead to more investment in Tesla.

"So many investors are trying to figure out a way to get access to the value of these assets, and crypto assets are not the easiest assets to handle," he said.

READ: Nikkei Asia, “What Elon Musk's bitcoin bet means for Tesla: 5 things to know

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