Elon Musk, the self-crowned Technoking of Tesla, won’t stop talking about Bitcoin.
The cryptocurrency has recovered from its weekend blues and climbed above $37K. Bitcoin was still down by almost 20% over the past 24-hours but appeared to be in a consolidation between a tight range-bound below $40K. This relief rally catapulted several major as well as small-cap altcoins from the bearish slumber.
After the recent market crash, Musk was at the receiving end of significant backlash, and accusations of him of being a “manipulator” who allegedly used his position and massive following to influence the cryptocurrency market started floating around. But that did not deter the Billionaire tycoon to stop.
In the latest tweet, the founder of Tesla and SpaceX, said,
“Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.”
It is still unclear if he appeared to soften his stance against the environmental effect of mining the cryptocurrency. However, this tweet comes after his meeting with the CEO of MicroStrategy, Michael Saylor along with “leading Bitcoin miners in North America,” where the group reportedly agreed to form a Bitcoin Mining Council which aimed to promote energy usage transparency, ramp up sustainability initiatives across the globe.
According to Saylor, the group included big industry names such as Argo Blockchain, Blockcap, Core Scientific, Galaxy Digital, Hive Blockchain Technologies, Hut 8 Mining, Marathon Digital Holdings, as well as representatives from Riot Blockchain.
Following this news, Bitcoin gained its first prominent uptick since the downfall. The positive momentum was short-lived as the sell-off ensued at higher levels.
Bitcoin and Dogecoin, always on Musk’s radar
The ardent DOGE fan and investor had previously asked his Twitter followers to pitch ideas to “develop Doge” on GitHub or the Dogecoin subreddit page on Reddit while tagging the developers of the meme coin on the microblogging platform.
He was recently criticized by Ethereum founder, Vitalik Buterin and refuted Musk’s claims of pushing the scalability of the Dogecoin network by simply increasing protocol parameters. He went on to set the record straight by pointing out the complications associated with it, the centralization factor as well as compromises on the technological front.
Buterin also argued that it crucial for blockchain decentralization for regular users to be able to run a node.