Tech billionaires Elon Musk and Jack Dorsey agreed to talk about Bitcoin with each other at an event in July.
Dorsey tweeted that he promoted an event called The B Word, which aims to encourage companies and institutional investors to adopt Bitcoin.
“Let’s have a conversation between you and me at this event,” Dorsey told Musk. You can share all your curiosity. Musk agreed.
The event is scheduled for July 21, according to its website, which says: “Providing a first-hand experience and a library of content to the investor community, enabling a more informed discussion about the role that Bitcoin can serve to organizations around the world.”
Musk’s comments caused huge problems for Bitcoin investors. The head of Tesla initially supported the cryptocurrency. He briefly added the hashtag #bitcoin to his Twitter bio in January.
Furthermore, Tesla announced in February that it had purchased $1.5 billion worth of Bitcoin. And begin by accepting it as a means of payment.
In addition, Musk simultaneously posted a number of tweets supporting Dogecoin, which led to a significant short-term increase in its value.
More recently, Musk appears to have retracted his views on Bitcoin. He said last month that Tesla was no longer accepting cars for purchase. Citing environmental concerns about the massive amount of energy needed to mine digital currency.
But earlier this month, Musk said that Tesla will accept the cryptocurrency when it is confirmed that at least half of its bitcoin mining is powered by clean energy. As a result, its value has increased somewhat.
The world’s number one cryptocurrency fell below the key level of $30,000 earlier. So that wiped out all of its 2021 gains for a while.
Meanwhile, the coin rose again above $33,000. But it’s still down nearly 50 percent from the nearly $65,000 high reached in April.