He stated that the result of the call was “promising.” Thus, there have been open lines of communication between the Tesla CEO and the council in the past.
The rationale for exploring whether Tesla will again accept Bitcoin comes from the fact that when they first made the announcement, the price of Bitcoin rose over 50% in the following two weeks.
Several months after the announcement, a Chinese ban on bitcoin mining dropped the global hashrate by over 50% and removed many fossil-fueled Bitcoin mines.
One of the critical factors Musk listed for Tesla to accept Bitcoin as means of payment was, the need for a positive trend regarding renewable energy usage in mining.
The council comprises core members of the Bitcoin mining community, including, Hive, Hut8, Riot, Marathon, Microstrategy, BlockFi, and Argo, to name a few.
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