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. At a loss corner, Bitcoin critic and Doge promoter, Elon Musk, Tesla and Space X’s CEO. They assure to have “THE talk,” as part of “The B Word” top on July 21st.
Related Reading|Jack Dorsey: Square Has Plans To Create A Bitcoin Hardware Wallet
It all occurred over at Twitter. Dorsey announced the event, Elon reacted with a lame joke, and Dorsey showed his service initiative and invited him to have a conversation on phase. “Let’s you and I have a discussion at the occasion. You can share all your interests …” Musk chuckled it off initially, however Dorsey firmly insisted. In the end, Musk validated, “Very well then, let’s do it.”
Done! Will set up– jack(@jack)June 25, 2021< script async src="https://platform.twitter.com/widgets.js"charset="utf-8"> One of the speakers, ARK Invest’s Cathie Wood, is
thrilled with the news. Dazzling! Anticipating the conversation.– Cathie
Wood(@CathieDWood)June 25, 2021
This is interesting due to the fact that ARK Invest has a big 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?
As you can anticipate, Bitcoinist already covered the event’s statement. About it, we said:
From founding CEO’s to former high level government employee’s, there are lots of fascinating perspectives and insights to be acquired from the speakers who will be included 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 occasion’s site, they describe the top as:
The B Word is a Bitcoin focused initiative that aims to debunk and destigmatize mainstream stories about Bitcoin, explain how organizations can and must embrace it, and raise awareness around areas of the network that need support.
So, it’s an occasion for organizations, institutional players, and investors. As Bitcoin’s mainstream adoption advances, the bigger interested parties require guidance and reputable information. The B Word will offer “a live experience and a library of material to the investor community, making it possible for a more informed conversation about the role Bitcoin can serve for organizations around the world.”
Jack Dorsey’s views on Bitcoin
Square’s mastermind made an appearance at the Bitcoin 2021 conference in Miami, and said about the property, “All of the other coins, for me, don’t factor in at all.” So, he’s all in on Bitcoin. He likewise claimed, “Miners need to make a profit and getting inexpensive renewable resource optimizes their earnings.”
As we said, Square and ARK Investment:
… produced a succinct whitepaper entitled “Bitcoin is Key to an Abundant, Clean Energy Future,” that concludes:
“Our model shows that incorporated bitcoin mining might transfigure intermittent power resources into baseload-capable generation stations. It suggests that the addition of Bitcoin mining into power developers’ toolboxes should increase the general addressable market for sustainable and periodic power sources. All else equal, with bitcoin mining, renewable energy might provision a large portion of any region’s power economically.”
BTC price chart on Bittrex|Source: BTC/USD on TradingView.com Elon Musk'sviews on Bitcoin We at Bitcoinist covered this story from all possible angles. Musk appeared to be all-in on Bitcoin, as Tesla bought more than $1B worth of Bitcoin and added it to the company's balance sheet. Then, he altered his mind. Over ecological concerns, of all causes. His tweet about it sent out Bitcoin's cost in a downward spiral, and the top cryptocurrency hasn't recovered since. And after that, Musk doubled down:
Musk likewise consisted of a chart laying out the wild boost in Bitcoin energy intake since late, which he uses to back up his case regarding why Tesla has stopped accepting BTC. Interestingly, Elon Musk has actually picked to likewise double down on the business's commitment to holding BTC, which would seem counter to the commerce strategy.
Then, Michael Saylor welcomed him to a controversial meeting with North American miners. About it, Musk said, "Spoke with North American Bitcoin miners. They dedicated to release present & & planned eco-friendly use & & to ask miners WW to do so." And Saylor strengthened the story, "This weekend, some Bitcoin miners came together to speak about the energy difficulties we deal with, both genuine & & imagined, and deal with services together for the good of the entire market."
Associated Reading|China's Sichuan Asks Bitcoin Miners To Shutdown Operations
Nevertheless, the question stays: What will the Dogefather need to say in a Bitcoin-only event? We'll have to wait and see.Included Image from The B Word's website|Charts by TradingView