Recently, Twitter CEO Jack Dorsey tweeted about “The ₿Word,” which is a Bitcoin-focused initiative where he along with Cathie Wood (Founder, CEO of ARK Invest), Adam Back (CEO of Blockstream), and two more speakers will be discussing methods that will help more companies and institutions to know Bitcoin better.
Meanwhile, Elon Musk replied to Jack’s Tweet with “Bicurious,” and they decided to have a conversation at the event at the end of the Twitter conversation. Meanwhile, Jack also tagged Peter Schiff. CEO of Euro Pacific Capital Inc., and it all got technical after that.
Elon Musk And Bitcoin
Elon Musk has played a major role in the rise and fall of most cryptocurrencies, including Bitcoin and Dogecoin. Many people have criticized Elon for manipulating the crypto market using his Tweets, which showcases social media’s power.
A hacker association named Anonymous recently warned Elon for manipulating the Crypto market, but Elon turned a deaf ear and, in turn, shared memes on them. Elon was also solely responsible for the rise of Dogecoin. After he started tweeting about Dogecoin, the market value of the same skyrocketed from 0.01 US$ up to 0.35 US$.
When Tesla revealed that Bitcoin would be no longer accepted, Bitcoin’s price crashed, and people blamed Elon Musk for the decision.
China recently announced that it’s halting crypto mining, and the Chinese started selling their Bitcoins. It’s a massive blow to the entire crypto world since China is responsible for more than 80% of mining.
The event is all set to be held on July 21. If you’re interested in attending, register for the event from here.
Either way, what do you think of this conversation? Let us know your thoughts and opinions in the comments section below.