11:10Jack Dorsey And Elon Musk Will Have THE Talk About Bitcoin
Let the games begin! The battle of the billionaire CEOs has a time and a place. In the blue corner, the Bitcoin maximalist, Jack Dorsey, Square and Twitter’s CEO. In the red corner, Bitcoin critic and Doge promoter, Elon Musk, Tesla and Space X’s CEO. They promise to have “THE talk,” as part of “The B Word” summit on July 21st.
Related Reading | Jack Dorsey: Square Has Plans To Create A Bitcoin Hardware Wallet
It all happened over at Twitter. Dorsey announced the event, Elon responded with a lame joke, and Dorsey showed his business initiative and invited him to have a discussion on stage. “Let’s you and I have a conversation at the event. You can share all your curiosities…” Musk laughed it off at first, but Dorsey insisted. In the end, Musk confirmed, “Very well then, let’s do it.”
One of the speakers, ARK Invest’s Cathie Wood, is delighted with the news.
This is interesting because ARK Invest has a huge position on Tesla and authored a paper on Bitcoin’s green energy mining with Square.
What Can You Tell Us About Jack Dorsey ’s The B Word Sumit?
From founding CEO’s to former high level government employee’s, there are many interesting perspectives and insights to be gained from the speakers who will be featured at The B Word. Here are the listed speakers so far:
Cathie Wood: Founder, CEO and CIO of ARK Invest
Jack Dorsey: CEO of Twitter & Square, Inc.
Adam Back: Co-Founder and CEO of Blockstream
Michael Morell: Senior Counselor of Beacon Global Strategies, Former Acting and Deputy Director of the Central Intelligence Agency, and
John Newbery: Director of Brink
On the event’s website, they describe the summit as:
The B Word is a Bitcoin focused initiative that aims to demystify and destigmatize mainstream narratives about Bitcoin, explain how institutions can and should embrace it, and raise awareness around areas of the network that need support.
So, it’s an event for organizations, institutional players, and investors. As Bitcoin’s mainstream adoption advances, the bigger interested parties need guidance and credible information. The B Word will offer “a live experience and a library of content to the investor community, enabling a more informed discussion about the role Bitcoin can serve for institutions across the globe.”
Jack Dorsey’s views on Bitcoin
As we said, Square and ARK Investment:
… produced a concise whitepaper titled “Bitcoin is Key to an Abundant, Clean Energy Future,” that concludes:
Elon Musk’s views on Bitcoin
Musk also included a chart outlining the wild increase in Bitcoin energy consumption as of late, which he uses to back up his case as to why Tesla has stopped accepting BTC. Interestingly, Elon Musk has chosen to also double down on the company’s commitment to holding BTC, which would appear to be counter to the commerce strategy.
Then, Michael Saylor invited him to a controversial meeting with North American miners. About it, Musk said, “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so.” And Saylor reinforced the narrative, “This weekend, some Bitcoin miners came together to talk about the energy challenges we face, both real & imagined, and work on solutions together for the good of the entire industry.”
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