Bitcoin surges to $21,300, PeterSchiff says it’s a “sucker’s rally”. $BTC Dennis_Porter
By now, BTC has gone down a little, trading at $21,302. Founder of the Satoshi Action Fund, Dennis Porter has tweeted that this rise was caused by the recent report by the White House.Porter said that the report contained “extremely positive comments” on the potential of Bitcoin to provide a positive impact on the environment and renewable sources of energy.’s potential to positively impact the grid, environment, and renewables.
In the comment thread, followers pointed out that Porter was not quite right about what the report actually said. The document stated that if Bitcoin mining fails to go greener, it should be banned. The report also recommends switching to the Proof-of-Stake consensus protocol from Proof-of-Work for Bitcoin.Earlier, U.Today covered the comments of Cardano founder, Charles Hoskinson, to this report.
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