Posted 11 months ago | by Catoshi Nakamoto
Telsa CEO Elon Musk, whom we refer to often as Muskrat, has officially agreed to attend the upcoming virtual event in July called The B-word, for Bitcoin.
Last week, Twitter CEO, Jack Dorsey asked Elon Musk to have a discussion with him about Bitcoin at The B Word conference. However, with Musk’s sarcastic nature it was unclear at the time whether or not he would actually attend the event.
Musk previously made a joke in response to one of Dorsey’s tweets referencing the event. Musk referenced the event’s name, suggesting it stood for “bicurious.” Dorsey replied and called Musk’s remark “bizarre,” then he invited the billionaire to the conference expressing it’s time to have “THE talk.”
— Elon Musk (@elonmusk) June 25, 2021
A spokesperson for the virtual event has now confirmed to The Block that Musk will be in attendance. Musk will join feature speakers, ARK Invest founder Cathie Wood, Blockstream CEO Adam Back, and John Newbery.
The B-Word plans to have a host of topics with a focus on institutions embracing Bitcoin. Other topics according to the event website include — development, demystifying Bitcoin, Bitcoin As A Tool For Economic Empowerment, Securing The Bitcoin Network, Regulating Bitcoin and Preserving The Bitcoin Ethos.
In March, Musk said U.S. customers could purchase Tesla vehicles with Bitcoin, marking a significant step forward for the cryptocurrency’s use in buying goods and services. However, that was short-lived as only a few months later Musk posted a tweet announcing that Tesla will immedtiately suspend vehicle purchases using Bitcoin due to flawed concerns over the environmental impact of BTC, which Bitboy Crypto has debunked.
Tesla acquired $1.5 billion in Bitcoin in January, helping to propel the number one digital asset to higher prices.
In January, Musk also added one single word to his bio which caused the cryptocurrency markets to react, Bitcoin. He also sent out a cryptic tweet, “In retrospect, it was inevitable.” It was revealed in a Q1 2021 earnings report that Tesla sold 10% of its Bitcoin holdings. Musk said this was to prove the cryptocurrency’s liquidity as an alternative to holding cash on the balance sheet according to a Tweet by The Dogefather. Musk added that he has not sold any of his personal Bitcoin.
Musk has since criticized the environmental impacts of the cryptocurrency which many feel helped crash the markets combined with China banning the number one digital asset by market cap from being mined in its country. Musk later, retracted his comments and said that when Bitcoin mining is 50% more green Tesla would again accept the digital asset.
Bitcoin is currently trading at [FIAT: $34,135.54] UP +2.5% in the last 24 hours according to Coingecko at the time of this report.