Bitcoin Price Analysis: Tesla Adoption Propels BTC/USD to Record Highs 2021-02-08 23:39:00 Daniel Moss, Analyst Bitcoin, Elon Musk, Tesla, Inflation Expectations, BTC/USD – Talking Points: Tesla’s adoption of Bitcoin as a form of payment has propelled the cryptocurrency to fresh record highs. Rising inflation expectations may continue to bolster BTC in the near-term. The break above Bull Pennant resistance hints at further upside for the anti-fiat asset. Advertisement Bitcoin prices surged above the $44,000 mark to fresh record highs, on the back of news that Tesla has invested $1.5 billion in the popular cryptocurrency and plans to begin accepting it as a form of payment. The California-based electric vehicle manufacturer stated that “we expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis”.