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US real estate giant Caruso has 1% of its assets in bitcoin and supports rent payments in bitcoin

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One of Caruso's first tenants to pay with bitcoin is likely to be Tesla.

According to the Los Angeles Times, on April 8, Los Angeles real estate magnate Rick Caruso will allow users to use bitcoin to pay for residential and commercial rents at its shopping malls and properties. The company also revealed that it has allocated 1% of its assets to bitcoin.

One of Rick Caruso's first tenants to pay with bitcoin could be Tesla Inc. 's chief executive, Elon Musk, who runs a store selling Tesla electric cars at Caruso "s the Americana at the Brand Center in Glendale.

On April 7, Caruso announced that it had invested in bitcoin as part of a partnership with crypto trading platform Gemini. Caruso has about 1% of his assets in bitcoin, though he declined to disclose the dollar value of his bitcoin investment.