Thursday , December 8 2022
Home / Bitcoin (BTC) / Bitcoin Eyes $40K as Musk & Saylor Work on Green BTC Mining Initiatives

Bitcoin Eyes $40K as Musk & Saylor Work on Green BTC Mining Initiatives

Summary:
BTC has reclaimed the K level after Elon Musk’s surprise announcement that he had spoken to North American Bitcoin miners, who are committing to use renewable resources whilst mining bitcoin, and will request miners worldwide to follow suit. This meeting was hosted by MicroStrategy CEO and Bitcoin advocate Michael Saylor, and it included the leading Bitcoin miners in North America. Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in North America. The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide. https://t.co/EHgLZ9zvDK — Michael Saylor (@michael_saylor) May 24, 2021 The team agreed to form the Bitcoin Mining Council, with the

Topics:
George Georgiev considers the following as important: , , , , , , ,

This could be interesting, too:

Andrew Throuvalas writes Senator Lummis Now Believes Ether is a Security

Chayanika Deka writes 3AC Co-Founders Su Zhu, Kyle Davies Subpoenaed in Bankruptcy Case

Andrew Throuvalas writes Genesis Withdrawal Freeze Has No Imminent Solutions, Says Interim CEO

Andrew Throuvalas writes Binance’s Bitcoin Reserves Are 101% Backed, Confirms Auditor

BTC has reclaimed the $40K level after Elon Musk’s surprise announcement that he had spoken to North American Bitcoin miners, who are committing to use renewable resources whilst mining bitcoin, and will request miners worldwide to follow suit.

  • This meeting was hosted by MicroStrategy CEO and Bitcoin advocate Michael Saylor, and it included the leading Bitcoin miners in North America.
  • The team agreed to form the Bitcoin Mining Council, with the objective of promoting energy usage transparency in order to accelerate sustainability initiatives worldwide.
  • This whiplash move comes days after Musk announced that Tesla would no longer be accepting Bitcoin due to high energy usage, kickstarting BTC’s initial plunge.
  • Bitcoin’s promising future, now potentially grounded in green energy, might lead to a reversal of Musk’s decision, invalidating a lot of fears that were spreading about Bitcoin’s long-term sustainability as a currency.
  • Shortly after Elon Musk tweeted, the price of bitcoin touched an intraday high of $39,900.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *