Michael Saylor, Founder at CEO at MicroStrategy (NASDAQ: MSTR), a business intelligence firm that has invested heavily in Bitcoin (BTC) in order to strengthen its corporate treasury, has revealed that he recently hosted a meeting between Telsa and SpaceX CEO Elon Musk and the leading Bitcoin miners in North America.
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⚡️ (@saylor) May 24, 2021
Saylor claims that the BTC miners have agreed to establish a Bitcoin Mining Council in order to promote “energy usage transparency” and “accelerate sustainability initiatives worldwide.”
Elon Musk confirmed:
“Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW (worldwide) to do so. Potentially promising.”
Saylor revealed that executives from Argo Blockchain, Block Cap, Core Scientific, Galaxy Digital, Hive Blockchain, Hut8 Mining, Marathon DH, Riot Blockchain were all present and they reportedly “decided to establish an organization to standardize energy reporting, pursue industry ESG goals, and educate/grow the marketplace.”
This meeting was conducted around the same time that Ray Dalio, an American billionaire investor and hedge fund manager / Founder of Bridgewater Associates, has said that he own some Bitcoin and that he’d rather hold the digital currency than a bond.
As reported, giant Wall Street investment bank Goldman Sachs appears to have changed its stance towards Bitcoin. Only a few years back, Goldman’s analysts had released a report in which they had predicted that crypto-assets would not be able hold value and were not a reliable medium-of-exchange.
But now, the bank’s researchers consider Bitcoin to be an investable asset.
In a separate research report from Big Four Auditing firm PricewaterhouseCoopers (PwC), it has been revealed that 86% of hedge funds who are currently investing in digital currencies are planning to deploy additional capital into the asset class by the end of this year. The remainder intend to maintain at least the same level of capital.