On July 21st, 2021 several notable individuals are meeting to speak to institutions about #Bitcoin
In this short thread I will go over why this may have some very large implications… 🥐
The first thing I will point out here are the very interesting connections between the three business leaders attending this “₿ Word” event that I (coincidentally?) mentioned in a thread a few weeks back
I highly recommend you read it to understand the rest of this thread fully
It really seems like there may be something bigger going on behind the scenes
Square & Ark Invest actually wrote a research paper which mentions how #Bitcoin mining can promote the use of solar energy (which Elon Musk agrees with)
But… how exactly would this work?
Well, #Bitcoin will simply act as a “buyer of last resort” for the green energy market…
This will in affect, accelerate the use of renewables, fix grid congestion, & unlock the “keys to an abundant, clean energy future”
Don’t believe me? Just take it from Cathie Wood herself:
Cathie Wood ALSO seems to agree that Elon Musk & Tesla will be a part of the solution here…
I’m not here to suggest that any massive announcement will be made at this event, but I’m sure this topic will be one of deep discussion, & it could serve as a massive catalyst for #Bitcoin on the institutional level in the coming weeks
This is going to get very interesting…
You didn’t think we would put #Bitcoin on an ETF without first addressing the Chinese mining centralization or environmental issues, right?
We all know how quickly narratives change in this market.
What happens when the United States acquires a majority of the #Bitcoin hash rate by making it extremely attractive for green mining resulting in the largest geographical transition of hash power in recorded history?
It’s already happening before we even know it. Enjoy! 🥐
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