Chairman and CEO of MicroStrategy Michael Saylor, stated in a recent tweet from his official Twitter handle that Bitcoin is a source of hope for Canada while considering the amount of hydroelectric power to mine Bitcoin the country can generate.
Michael Saylor has retweeted a post from Documenting Bitcoin’s official Twitter feed, indicating that he has become a bull in the crypto industry with his Bitcoin purchases.
According to the tweet, Canada has enough untapped hydroelectric power to power the entire Bitcoin network. According to the business, Canada has a hydroelectric capacity of 400 TWh. Bitcoin, on the other hand, uses only 129 TWh.
Furthermore, Michael Saylor and MicroStrategy are well-known Bitcoin advocates. Bitcoin, according to self-proclaimed crypto-guru Saylor, is a once-in-a-lifetime transformation. He also recommended that everyone change their money into Bitcoin.
Saylor also shared his thoughts and opinions on Bitcoin. He specifically stated that Bitcoin is now the most powerful technology in the twenty-first century.
Canada has been on the radar since the large flight of bitcoin miners from China. Bitcoin miners would naturally approach energy providers with inexpensive prices, according to Brian Mosoff, the CEO of Canadian crypto firm Ether Capital and a crypto entrepreneur.
Alberta was highlighted as a fantastic destination to visit. Mosoff also mentioned that Quebec and Ontario are two other places where miners could open shops.