Commenting on the recent surge in bitcoin pricing, SMU Assistant Professor of Finance Hu Jianfeng said that yesterday's increase was without a doubt led by Elon Musk, whose company Tesla, made a $1.5 billion purchase of the cryptocurrency. However, Asst Prof Hu does not believe that bitcoin will become a mainstream investment for businesses due to its high fluctuations, making it a risk that is hard for boards and stakeholders to accept.
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