Jack Dorsey and Elon Musk will speak about Bitcoin at The B Word conference
Elon Musk, CEO of Tesla, and Jack Dorsey, CEO of Twitter, have agreed to host a Bitcoin event, titled “The B-Word,” aimed at institutional investors to see how they might perceive Bitcoin .
Jack Dorsey and Elon Musk talk about Bitcoin at the “The B Word” conference
Elon Musk, CEO of Tesla and Spacex, and Jack Dorsey, CEO of Twitter and Square, have agreed to discuss a Bitcoin event called “The B Word”.
According to his website, The B Word Event will be on July 21st. It is a “Bitcoin-focused initiative that aims to demystify and guide important Bitcoin narratives,” explains how businesses can and should be aware of this and raise awareness of the areas of the network that need support. “
Dorsey, who will be the event spokesperson, tweeted the event Thursday. “As more and more companies and organizations come together, we would all like to help protect and disseminate what makes Open Bitcoin so perfect. This day focuses on education and action to get there, ”wrote the Twitter CEO.
Musk replied to Dorsey’s tweet: “Bicurious?” The Tesla CEO appeared to be commenting on the importance of the “B” in the name of the event. Then he wrote on Twitter: “Oh, well … Bitcoin haha.”
In response to Musk, Dorsey wrote, “Strange! You can also chat at the event. You can share all of your curiosities … “
In response to Dorsey’s “Let’s Talk” offer. Dorsey continued, “Done! I will set it up. “
Many are thrilled that Musk will speak to Dorsey about Bitcoin, even though none of them made it clear what it actually will be.
Katie Wood, CEO of Ark Invest, who will also speak at The B Word, wrote on Twitter:
“Excellent. I look forward to the discussion.”
Musk and Dorsey’s views on Bitcoin
Wood and Dorsey believe that bitcoin mining can help the environment, while Musk believes it is bad for the environment. Wood, Ark Invest and Square jointly published a report that argues that bitcoin mining is actually good for the environment.
Dorsey has previously expressed interest in the Lightning Network, a Layer 2 billing system that processes transactions alongside Bitcoin’s mainnet. Square Crypto has invested in Lightning and several other tools in the Bitcoin ecosystem.
Tesla invested $ 1.5 billion in Bitcoin in the first quarter and began accepting the cryptocurrency for payments in March. However, in May, Musk said the electric car maker had stopped adopting it. BTC deals with environmental issues. He then said that Tesla will accept bitcoins again “once the fair use (~ 50%) of clean energy by miners is confirmed with positive trend in the future.” However, that claim can be difficult to test.
Many people have tried to convince Musk that he is misinformed about Bitcoin’s environmental impact, including Shark Tank star Mark Kuban. NBA team owner Dallas Mavericks told Musk that adopting Bitcoin is actually good for the environment.
Surely, the opposing views of Jack Dorsey and Elon Musk will make the upcoming discussion very interesting.
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