Cryptocurrencies took center stage in 2021 as the market went through a huge bull run where the cost for bitcoin escalated to an all-time high of $65,000 in mid-April, and many other cryptocurrencies followed suit.
This attracted a lot of attention even from institutional gamers and large, publicly-listed companies. The elephant in the space is undoubtedly Tesla. Elon Musk’s electric cars and truck maker revealed that it had actually bought $1.5 billion worth of BTC back in January and even began accepting the cryptocurrency as a way of payment for its cars.
Unfortunately, the romance was short-lived as simply 4 months after that, Elon Musk revealed that the company has actually given up accepting BTC as payments, citing environmental issues. This triggered one of the largest disputes within the community on Bitcoin mining.
CryptoPotato got the opportunity to speak to Frank Holmes, the Interim CEO and Executive Chairman of HIVE Blockchain Technologies, throughout Bitcoin 2021 in Miami. Holmes is also an extremely famous Canadian – – American financier, and the creator of the popular JETS ETF, which tracks airline-related companies
HIVE is listed on the Toronto Stock Exchange and owns advanced green energy-powered data center facilities in Sweden, Iceland, and Canada.
They mine Bitcoin and other cryptocurrencies using renewable energy sources – – something that’s been the pinnacle of conversation as of late.