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.
Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.
— Elon Musk (@elonmusk) May 24, 2021
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.
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 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.