4 Minute Bitcoin Daily News Gary Leland the Bitcoin Boomer

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Jack Mallers, the chief executive officer of the Bitcoin wallet company, Strike says that Bitcoin will impact the payments industry now that it is combined with one of the biggest internet networks.

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US Senator Ted Cruz says that Bitcoin mining provides an opportunity to use energy that would otherwise be wasted and explained how Bitcoin mining could capture unproductive energy in the form of natural gas.

He stated that 50% of the natural gas in the US that is flared, is being flared in West Texas and that is an enormous opportunity for Bitcoin because that energy is just being wasted.

Fundstrat Global Advisors’ managing partner Tom Lee believes that Tesla’s abrupt suspension of Bitcoin payments over possible environmental concerns could be a blessing in disguise for Bitcoin.

Members of the Texas House of Representatives passed a proposed piece of legislation which recognizes the use of Bitcoin in commercial transactions.

According to Michael Saylor the Proof of Work architecture is a masterpiece of engineering that provides Seven Layers of Security.