Is now the right time to buy Bitcoin?

Bitcoin as a sacrifice? On the contrary, now is the best time to buy 

L'environnement. Tesla has given up on Bitcoin. And it's a costly mistake for BTC MicroStrategy, which has spent $15 million to acquire more cryptocurrency.

« We are concerned about the rapid increase in the use of fossil fuels for bitcoin mining and transactions, especially carbon, which has the highest emissions of all combustibles », writes Elon Musk.

The announcement of the suspension of Bitcoin as a payment method was accompanied by these statements. The rash decision caused the value of the cryptocurrency to plummet below the $50.000 mark.

Tesla and its CEO have been the subject of harsh criticism in the crypto-economy.

Musk's point does not hold water for some people. According to Michael Saylor, MicroStrategy's PDG, Bitcoin is a baleine. The consumption of electricity increased by 40% during the same period that the network went from zero to 100 percent operational, indicating that energy efficiency improved significantly during that time, according to the CEO.

Furthermore, Saylor believes that this is not the only natural argument for promoting Bitcoin.

« Bitcoin provides a superior technology to 8 billion people to ensure their human rights to property, as well as a solution to the global problem of inflation and currency devaluation, which causes more than $1 trillion in economic losses per year », claims the founder.

« Isn't this a second-order blend of fossil fuels? », I wonder to the baleine Bitcoin. This is clearly not Tesla's and his PDG's viewpoint, whose policy is considered treasonous.

Despite this, the builder does not understand how to break the cryptomonnaie. As a result, he considers using more energy-efficient digital currencies. Dogecoin's value benefits from these ongoing discussions as well.

What is Bitcoin and how does it work? Isn't a major network shift in favor of a new consensus model more important than ever, as the founder of Ripple and XRP predicted? Michael Saylor is not included in the debate.

The publisher announced a new Bitcoin purchase for $15 million on May 13th. Currently, the company has 271 BTC in reserve. His cumulative wealth now stands at 91.850 bitcoins, valued at $2.241 billion. MicroStrategy has benefited greatly from the average Bitcoin price of 24.400 million. The BTC price is hovering around $50,000.