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BTC and Crypto Pump After Elon Musk Rallies the BTC Miners

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Elon Musk Michael Saylor Bitcoin Mining Council

In what is a love hate relationship between Elon Musk and the general crypto verse, it seems that this time Musk’s intent to do good for the crypto market took the form of a push to get the North American BTC miners to work on “green” energy consumption.

Elon Musk’s tweeted that he had actually met a group of BTC miners operating in North America.Musk Tweet

This meetings seems to be organised by Michael Saylor as stated on the latter’s tweet.

Michael Saylor tweet

Now, this is what really gains respect. To not only identify an issue but also to find a way to address it. It seems that Elon Musk and Michael Saylor have buddied up to create an alliance called the BTC Mining Council. Talk about injecting some good old fashion business acumen into the tech geeks operating the mining farm. A perfect combination which should yield enormous political and environmental goodwill.

As of this writing, BTC has rallied from $37K to almost $40K. The setup of this mining council may pave the way for miners from other countries to setup their own councils or join the new one spearheaded by Elon Musk and Michael Saylor. Whichever is the case, it seems the argument that BTC mining is bad for the environment may soon lose its credence.

The post BTC and Crypto Pump After Elon Musk Rallies the BTC Miners appeared first on SuperCryptoNews.


All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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