Some of the largest US miners, spearheaded by Michael Saylor and "crypto villain" Elon Musk, have created the Bitcoin Mining Council. The goal of the meeting, according to Saylor, was to improve Bitcoin's long-term viability. The BMC has been blasted by some in the crypto world, who have called it a Trojan horse and a centralised power grab. "I wouldn't have informed millions of people there was a secret meeting if it was a secret meeting," Elon Musk remarked.