Elon Musk and Jack Dorsey have agreed to speak about bitcoin at an event dedicated to the digital currency. “The B Word” is the name of the event, which will take place on July 21. Musk’s recent comments have sent bitcoin investors on a wild trip.
Elon Musk and Jack Dorsey, two tech billionaires, have agreed to meet in July to talk about bitcoin.
Dorsey’s Invitation to Musk
Musk reacted to a post from Dorsey advertising an event dubbed “The B Word,” which seeks to persuade businesses and institutional investors to embrace bitcoin, in a strange Twitter conversation.
— Elon Musk (@elonmusk) June 25, 2021
“Bicurious?” Tesla CEO Elon Musk seemed to be alluding to a different “B” word.
Dorsey later extended an invitation for Musk to discuss Bitcoin at a July event called “The B Word,” which Musk accepted.
Done! Will set up 🙏🏼
— jack (@jack) June 25, 2021
The B Word Project
The project is called “The B Word,” and it will launch on July 21 with an online conference including Dorsey and other prominent speakers. Square, together with investment companies ARK Invest and Paradigm, as well as the Crypto Council for Innovation, are co-sponsoring the event.
The #bitcoin development community above all else.
As more companies and institutions get into the mix, we all want to help protect and spread what makes #bitcoin open development so perfect.
This day is focused on education and actions to do just that.https://t.co/5pxX1LIVVA
— jack (@jack) June 24, 2021
Along with Dorsey, ARK Invest founder, CEO, and CIO Cathie Wood, Blockstream co-founder and CEO Adam Back, and renowned Bitcoin developer John Newbery will speak at the online conference.
Michael Morell, a former acting and deputy director of the CIA and current senior counsel at Beacon Global Strategies, will also be present.
The conference will include five tracks: Demystifying Bitcoin, Supporting the Developer Ecosystem, Securing the Bitcoin Network, Regulating Bitcoin, and Preserving the Bitcoin Ethos.
A live panel including Dorsey, Wood, and other speakers, chaired by Square Crypto’s Steve Lee, will take place in the middle of it all.
Musk’s recent comments have sent bitcoin investors on a wild trip. In January, the quirky Tesla CEO temporarily added the hashtag #bitcoin to his Twitter profile, indicating his support for bitcoin.
In February, Tesla revealed that it had purchased $1.5 billion in bitcoin and would begin accepting it as a form of payment.
Simultaneously, Musk has endorsed Dogecoin in a series of tweets, resulting in a spectacular — but short-lived — rise for the parody cryptocurrency.
Musk seems to have softened his stance on bitcoin in recent months. Last month, he said that Tesla will no longer accept bitcoin for vehicle sales, citing worries about the “insane” amount of energy needed to generate the digital currency.
However, Musk said earlier this month that Tesla will accept bitcoin if at least 50% of bitcoin mining is proven to be fueled by renewable energy.