The Bitcoin Mining Council emerges from a meeting with Elon Musk and Michael Saylor

English May 25, 2021

Yesterday, the price of Bitcoin skyrocketed from about $ 38,000 to more than $ 40,000. The reason was a tweet from Elon Musk, reporting on a meeting with U.S. bitcoin miners.

The meeting was organized by Michael Saylor, CEO of MicroStrategy, who was one of the first listed companies to add bitcoin to the balance sheet.

The meeting formed the Bitcoin Mining Council to promote transparency in the use of energy and accelerate sustainability initiatives around the world.

Tesla put $ 1.5 billion in Bitcoin on its balance sheet in February and said it would start accepting BTC as payment for its cars. However, earlier this month, Musk announced that the company would no longer accept Bitcoin due to environmental concerns.

Saylor's new "Bitcoin Mining Council" has been positively received by the market. And it also highlights how nascent the cryptocurrency sector is. There is no doubt that when it matures, in a few years, the prices will be different.


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.