GM has no interest in following Tesla in investing in bitcoin

The reflection of bitcoins in a pc laborious drive.

Thomas Trutschel | Photothek through Getty Images

General Motors has no plans of investing in bitcoin, however CEO Mary Barra mentioned the automaker will monitor buyer demand because it weighs whether or not to just accept the cryptocurrency to pay for its companies and automobiles.

The feedback Wednesday comply with Tesla‘s disclosure earlier this week that it bought $1.5 billion price of the cryptocurrency. The buy is anticipated to offer Tesla liquidity in the cryptocurrency forward of plans to begin accepting it for funds “subject to applicable laws and initially on a limited basis,” based on a submitting with the Securities and Exchange Commission.

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