Michael Saylor, CEO of business intelligence company MicroStrategy, has stepped up his support for Bitcoin.
In a recent tweet, Saylor informed that he hosted a meeting between Bitcoin (BTC) miners in North America and the founder of Tesla, Elon Musk, on ways to promote Bitcoin sustainability and energy transparency.
MicroStrategy CEO Forms “Bitcoin Mining Council”
The meeting led to the formation of the “Bitcoin Mining Council”, which aims at promoting the use of renewable energy for Bitcoin mining. The meeting included executives from major mining companies like Riot Blockchain, Hut8Mining, Marathon, Galaxy Digital, Argo Blockchain, and many others.
The council will basically work to standardise energy reporting, pursue industry ESG goals, and educate/grow the Bitcoin marketplace.
Judging by global Bitcoin mining hashrate stats, the number of miners in North America is no match to those in China. However, many people believe that the formation of the council is a big step towards driving Bitcoin to cleaner energy.
Will Tesla Restart Accepting Bitcoin Payments?
The quest and criticism on the source of Bitcoin energy became mainstream debate after Elon Musk announced that his electric car company would no longer accept Bitcoin as a form of payment for their products over environmental concerns. The announcement caused quite a notable drop in the price of Bitcoin (BTC), possibly leading into the recent massive correction.
Will the movement towards a “greener Bitcoin” prompt Tesla to reopen the possibility for customers to pay in BTC? Only time will tell, meanwhile Elon commented on the formation of the Bitcoin Mining Council, saying “potentially promising”.
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