The price of Bitcoin increased by around four percent on Monday after Tesla CEO Elon Musk tweeted that he was in discussions with North American Bitcoin miners about the environmental sustainability of the cryptocurrency.

CNBC reports that the price of Bitcoin increased by around four percent on Monday afternoon after Tesla CEO Elon Musk tweeted that he was in discussions relating to the sustainability of the digital coin with North American Bitcoin miners.

The price of Bitcoin settled around $38,074 when at 3:42 p.m. EST Musk posted on Twitter: “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.”

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