{"id":464404,"date":"2021-05-24T21:53:33","date_gmt":"2021-05-24T21:53:33","guid":{"rendered":"https:\/\/wncen.com\/?p=464404"},"modified":"2024-06-11T08:29:27","modified_gmt":"2024-06-11T08:29:27","slug":"saylor-bitcoin-miners-meet-elon-musk","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/saylor-bitcoin-miners-meet-elon-musk\/","title":{"rendered":"Saylor: North American Bitcoin Miners To Form Coalition After Meeting With Elon Musk"},"content":{"rendered":"<p>Once again, <a href=\"https:\/\/wncen.com\/news\/what-elon-musks-vision-of-the-dogecoin-moon-could-look-like\/\" target=\"_blank\" rel=\"noopener \">Elon Musk<\/a> has tweeted and pushed Bitcoin\u2019s price beyond an important resistance area, for now. At the time of writing, BTC trades at $39,022 with a 15.5% profit in the daily chart.<\/p>\n<figure id=\"attachment_464408\" aria-describedby=\"caption-attachment-464408\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-464408 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/Bitcoin-BTC-BTCUSD-9.png?resize=860%2C424\" alt=\"Bitcoin BTC BTCUSD\" width=\"860\" height=\"424\"><figcaption id=\"caption-attachment-464408\" class=\"wp-caption-text\">BTC with bullish momentum in the daily chart. Source:<a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\"> BTCUSD Tradingview<\/a><\/figcaption><\/figure>\n<p>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\u2019s price.<\/p>\n<p>Most experts agreed that the crash was imminent, but <a href=\"https:\/\/wncen.com\/news\/bitcoin\/425bn-wiped-off-market-musk-says-bitcoin-bad-for-environment\/\">Tesla\u2019s CEO influence was no doubt a catalyzer that sent the market on a downtrend.<\/a> Musk made two crucial statements at a critical moment when BTC\u2019s price was fighting to keep support at $47,000 and $43,000.<\/p>\n<p>He first said that Bitcoin mining has a negative impact on the environment. Later, he threatened with dumping Tesla\u2019s $1.5 billion in BTC. The crypto community went against the entrepreneur. Now, as the price struggled, Musk <a href=\"https:\/\/twitter.com\/elonmusk\/status\/67233537\" target=\"_blank\" rel=\"noopener nofollow\">revealed<\/a> the following:<\/p>\n<blockquote><p>Spoke with North American Bitcoin miners. They committed to publish current &amp; planned renewable usage &amp; to ask miners WW to do so. Potentially promising.<\/p><\/blockquote>\n<p><a href=\"https:\/\/wncen.com\/news\/bitcoin\/theres-zero-chance-of-bitcoin-being-replaced-says-saylor\/\">Michael Saylor,<\/a> CEO of software company MicroStrategy, claimed that he was the bridge between the BTC mining sector and Musk. According to the executive, the miners have decided to form the Bitcoin Mining Council, Saylor <a href=\"https:\/\/twitter.com\/michael_saylor\/status\/92439044\" target=\"_blank\" rel=\"noopener nofollow\">added<\/a>:<\/p>\n<blockquote><p>Yesterday I was pleased to host a meeting between Elon Musk and the leading Bitcoin miners in North America.\u00a0 The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency &amp; accelerate sustainability initiatives worldwide.<\/p><\/blockquote>\n<p>The organization will have support from mining pools Argo, Blockcap, Hut8, Marathon Digital Holdings, Riot; Core Scientific, an infrastructure and software solution based on blockchain technology; investment firm Galaxy Digital, and HIVE Blockchain technologies.<\/p>\n<p>The Bitcoin Mining Council will: \u201cstandardize energy reporting, pursue industry ESG goals, &amp; educate+grow the marketplace\u201d, according to MicroStrategy CEO.<\/p>\n<h2>Bitcoin Community Divided On Mining Initiative<\/h2>\n<p>The reaction from the crypto community was mixed. While some celebrated the initiative, others completely rejected it and claimed that \u201cprivate\u201d meetings are not in the spirit of <a href=\"https:\/\/wncen.com\/news\/reliving-the-fud-that-led-to-this-weeks-bitcoin-crash\/\">Bitcoin<\/a>. Marty Bent, the host of the podcast Tales From The Crypt, <a href=\"https:\/\/twitter.com\/DocumentingBTC\/status\/40885766\" target=\"_blank\" rel=\"noopener nofollow\">said<\/a> the following on the initiative:<\/p>\n<blockquote><p>They don&#8217;t care about clean energy; they care about control. #Bitcoin has one of, if not the highest mix of renewable energy use in any major industry.<\/p><\/blockquote>\n<p>Before Elon Musk\u2019s announcement, the market sentiment was still mostly bearish. After, over $8 million in short positions liquidations were recorded across all exchange platforms, as reported by analyst William Clemente.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Boom, just shy of $8M in short liquidations in 10 mins <a href=\"https:\/\/t.co\/e0dbA71BiI\" rel=\"nofollow\">pic.twitter.com\/e0dbA71BiI<\/a><\/p>\n<p>&mdash; Will (@WClementeIII) <a href=\"https:\/\/twitter.com\/WClementeIII\/status\/59435780?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 24, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The <a href=\"https:\/\/wncen.com\/news\/which-altcoins-are-more-likely-catch-bounce\/\">market has now reset and awaits confirmation of a more persistent bearish or bullish trend.<\/a> The price action, at least in the lower time frames, seems to be more inclined to favor the optimists. Clemente said: \u201cBears in disbelief\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Once again, Elon Musk has tweeted and pushed Bitcoin\u2019s price beyond an important resistance area, for now. At the time of writing, BTC trades at $39,022 with a 15.5% profit in the daily chart. 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\u2019s price. Most experts agreed that the crash was imminent, but Tesla\u2019s 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\u2019s 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\u2019s $1.5 billion in BTC. The crypto community went against the entrepreneur. Now, as the price struggled, Musk revealed the following: Spoke with North American Bitcoin miners. They committed to publish current &amp; planned renewable usage &amp; to ask miners WW to do so. Potentially promising. Michael Saylor, CEO of software company MicroStrategy, claimed that he was the bridge between the BTC mining sector and Musk. According to the executive, the miners have decided to form the Bitcoin Mining Council, Saylor added: Yesterday I was pleased to host a meeting between Elon Musk and the leading Bitcoin miners in North America.\u00a0 The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency &amp; accelerate sustainability initiatives worldwide. The organization will have support from mining pools Argo, Blockcap, Hut8, Marathon Digital Holdings, Riot; Core Scientific, an infrastructure and software solution based on blockchain technology; investment firm Galaxy Digital, and HIVE Blockchain technologies. The Bitcoin Mining Council will: \u201cstandardize energy reporting, pursue industry ESG goals, &amp; educate+grow the marketplace\u201d, according to MicroStrategy CEO. Bitcoin Community Divided On Mining Initiative The reaction from the crypto community was mixed. While some celebrated the initiative, others completely rejected it and claimed that \u201cprivate\u201d meetings are not in the spirit of Bitcoin. Marty Bent, the host of the podcast Tales From The Crypt, said the following on the initiative: They don&#8217;t care about clean energy; they care about control. #Bitcoin has one of, if not the highest mix of renewable energy use in any major industry. Before Elon Musk\u2019s announcement, the market sentiment was still mostly bearish. After, over $8 million in short positions liquidations were recorded across all exchange platforms, as reported by analyst William Clemente. Boom, just shy of $8M in short liquidations in 10 mins pic.twitter.com\/e0dbA71BiI &mdash; Will (@WClementeIII) May 24, 2021 The market has now reset and awaits confirmation of a more persistent bearish or bullish trend. The price action, at least in the lower time frames, seems to be more inclined to favor the optimists. Clemente said: \u201cBears in disbelief\u201d.<\/p>\n","protected":false},"author":535,"featured_media":464405,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144],"class_list":["post-464404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\n<title>Saylor: North American Bitcoin Miners To Form Coalition After Meeting With Elon Musk<\/title>\n<meta name=\"description\" content=\"Once again, Elon Musk has tweeted and pushed Bitcoin\u2019s price beyond an important resistance area, for now. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/wncen.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Saylor: North American Bitcoin Miners To Form Coalition After Meeting With Elon Musk","description":"Once again, Elon Musk has tweeted and pushed Bitcoin\u2019s price beyond an important resistance area, for now. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Saylor: North American Bitcoin Miners To Form Coalition After Meeting With Elon Musk","url":"http:\/\/wncen.com\/news\/saylor-bitcoin-miners-meet-elon-musk\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/saylor-bitcoin-miners-meet-elon-musk\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/Bitcoin-BTC-BTCUSD-18.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/Bitcoin-BTC-BTCUSD-18.jpg?fit=914%2C605"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd"],"dateCreated":"2021-05-24T21:53:33Z","datePublished":"2021-05-24T21:53:33Z","dateModified":"2024-06-11T08:29:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Saylor: North American Bitcoin Miners To Form Coalition After Meeting With Elon Musk\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/saylor-bitcoin-miners-meet-elon-musk\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/saylor-bitcoin-miners-meet-elon-musk\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Bitcoin-BTC-BTCUSD-18.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Bitcoin-BTC-BTCUSD-18.jpg?fit=914%2C605\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\"],\"dateCreated\":\"2021-05-24T21:53:33Z\",\"datePublished\":\"2021-05-24T21:53:33Z\",\"dateModified\":\"2024-06-11T08:29:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/Bitcoin-BTC-BTCUSD-18.jpg?fit=914%2C605","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/464404"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=464404"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/464404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/464405"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=464404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=464404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=464404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}