Artur Widak | NurPhoto | Getty ImagesThe price of bitcoin is approaching $40,000 once again after Tesla CEO Elon Musk tweeted that he was having active discussions with bitcoin miners regarding the sustainability of the digital coin. Bitcoin, the world’s most popular cryptocurrency, jumped minutes after Musk tweeted: “Spoke with North American Bitcoin miners. Microstrategy CEO Michael Saylor followed up on Musk’s tweet, saying he hosted a meeting between the Tesla CEO and some bitcoin miners that led to the formation of the Bitcoin Mining Council, which will promote sustainability. Bitcoin mining requires vast amounts of energy. He tweeted on May 12 that the company “suspended vehicle purchases” using bitcoin, out of concern over “rapidly increasing use of fossil fuels” for bitcoin mining.

Source: The North Africa Journal May 25, 2021 10:07 UTC