Seeking Alpha
2021-05-25 21:18:41

Elon Musk 'passionate believer' in decentralization - Microstrategy's Michael Saylor

Speaking at Coindesk's Consensus conference, Microstrategy (MSTR) CEO Michael Saylor addresses last weekend's highly controversial Bitcoin Mining Council meeting.First off, says Saylor, he suggested the meeting as an alternative to he and Elon Musk (TSLA) tweeting at each other, noting 140 characters or less isn't an ideal way to address an issue like Bitcoin (BTC-USD) mining energy usage.Saylor: "We need to make sure that people that are hostile to bitcoin and hostile to the crypto industry aren’t defining these narratives and defining those models and defining those metrics ... In the absence of any good information or any response on our part, they will define those models."Musk's biggest "ask," says Saylor was for a way to publish transparent figures on energy usage.Saylor: "Everybody in that meeting, including Elon, are passionate believers in decentralization."Bitcoin continues in the day's tight range, currently trading at $37.6K.Overnight and earlier today, the Bitcoin community had a

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