Bitcoin latest LIVE – Elon Musk’s $1.5bn investment triggers record high as Dogecoin rockets after ‘the future’ tweet

THE price of Bitcoin has rocketed after Elon Musk revealed Tesla had invested $1.5 billion in the cryptocurrency.

In a statement revealing Tesla would soon begin accepting payments in Bitcoin, the world’s richest man admitted the firm had made a massive investment of its own in the surging online currency.

The move sent the value of Bitcoin surging by 17% to a record high of $44,220 on the cyptocurrency markets as investors raced to take advantage of the inevitable surge.

Meanwhile another tweet from Musk sent another crytocurrency soaring after he described the once-mocked Dogecoin currency as “the future”.

The coin, which began as a joke in 2013, has surged in value by 1,250% over the past year after a huge number of investors decided to simultaneously pump cash into the coin to make it a legit trading option.

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