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NZ Gov: "We are the only source of Truth. Don't listen to anyone else. We will tell you how to think." – Investment Watch

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Musk, Saylor Announce Bitcoin Mining Council - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


May 25, 2021
Elon Musk and Michael Saylor attended a private meeting with North American bitcoin miners to propel renewable energy use.
Influential CEOs Elon Musk and Michael Saylor have announced that they held a closed meeting with Bitcoin mining firms based in North America that plan to launch a group called the Bitcoin Mining Council which will provide transparency around the types of energy used in the practice and propel it toward more renewable sources.
“Yesterday I was pleased to host a meeting between Elon Musk and the leading Bitcoin miners in North America,” tweeted Saylor, CEO of software intelligence firm MicroStrategy and a strong proponent of Bitcoin. “The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency and accelerate sustainability initiatives worldwide.” ....

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American Bitcoin Miners To Form Coalition After Meeting Musk


BTC with bullish momentum in the daily chart. Source: BTCUSD Tradingview
The cryptocurrency had a bloody weekend, and it took down the entire market with it. Top projects on the ranking by market cap saw 40% to 60% corrections. Now, they seemed to be bouncing back with BTC’s price.
Most experts agreed that the crash was imminent, but Tesla’s CEO influence was no doubt a catalyzer that sent the market on a downtrend. Musk made two crucial statements at a critical moment when BTC’s price was fighting to keep support at $47,000 and $43,000.
He first said that Bitcoin mining has a negative impact on the environment. Later, he threatened with dumping Tesla’s $1.5 billion in BTC. The crypto community went against the entrepreneur. Now, as the price struggled, Musk revealed the following: ....

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