GM has no interest in following Tesla in investing in bitcoin

The reflection of bitcoins in a computer hard drive.
Thomas Trutschel | Photothek via Getty Images

General Motors has no plans of investing in bitcoin, but CEO Mary Barra said the automaker will monitor customer demand as it weighs whether to accept the cryptocurrency to pay for its services and vehicles.

The comments Wednesday follow Tesla‘s disclosure earlier this week that it purchased $1.5 billion worth of the cryptocurrency. The purchase is expected to give Tesla liquidity in the cryptocurrency ahead of plans to start accepting it for payments “subject to applicable laws and initially on a limited basis,” according to a filing with the Securities and Exchange Commission.

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