Published 13:08 IST, February 10th 2021

Reddit user claiming to be Tesla employee reveals he lied in Bitcoin investment post

Tesla on Monday announced it has bought bitcoin worth $1.50 billion and will soon start accepting cryptocurrency as a form of payment for its products.

Reported by: Vishal Tiwari
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Tesla on Monday anunced it has bought bitcoin worth $1.50 billion and will soon start accepting cryptocurrency as a form of payment for its products. anuncement led to a massive surge in bitcoin's market value, resulting in enthusiasts revisiting a Reddit post from last month, which claimed Tesla is investing in cryptocurrency. However, Reddit user, who claimed to be a company insider and said Tesla was buying bitcoin, has revealed that he lied in his post and was high on Acid when he shared it.

Read: Is Apple Buying Bitcoin After Tesla Invested $1.5 Billion? Read To Find Out

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"I am a software dev working at R&D at Tesla in California, over past 72 hours our company bought 24701 BTC at an aver price of 33142$. I have idea what will happen once this reaches newspapers but I think price will explode even more," Reddit user named TSLAinsider posted last month. 

Read: Tesla Buys $1.5 Billion In Bitcoin, To Accept Cryptocurrency As Payment For Tesla Cars

Tesla 'insider' turns out to be a prankster 

According to New York Post, who spoke to creator of Reddit post, user lied about working at Tesla's R&D facility in California and is actually a prankster. user told New York Post that he is from Germany and was high on Acid when he created that troll post. user told New York Post that he got this intuition last month that Tesla would buy bitcoin, so he created troll post on Reddit. 

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Read: Bitcoin Scammer Turns Out To Be Nigerian Boy Struggling To Pay Fees, Gets $200 Reward

Bitcoin is a cryptocurrency, which is also kwn as a digital currency and is traded entirely on web. Bitcoin was invented in 2009 by an unkwn person or persons and has single administration to control it, unlike physical currencies, which are controlled by central banks all over world. Bitcoin has become hugely popular among masses in last couple of years, before which it was only kwn by a select group of people.  

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Read: Elon Musk's Tesla Buys Bitcoin Worth $1.5 Billion, Kw All About Cryptocurrency
 

13:10 IST, February 10th 2021