Just-In: Elon Musk Accepts Jack Dorsey’s Invite to Discuss Bitcoin Adoption

By Prashant Jha
Published June 25, 2021 Updated June 25, 2021
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Just-In: Elon Musk Accepts Jack Dorsey’s Invite to Discuss Bitcoin Adoption

By Prashant Jha
Published June 25, 2021 Updated June 25, 2021

Elon Musk has finally accepted Twitter CEO Jack Dorsey’s invite to discuss Bitcoin adoption and open-source development after early trolling. It all started with Jack Dorsey posting a link to ‘The ₿ Word,’ an initiative aimed and destigmatizing the mainstream narrative around Bitcoin and help institutions to understand how they can adopt it.

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Musk had earlier tried avoiding the invite with his style of humor but came around to finally accept it.

Source: Twitter

Earlier today Musk took another shot at Bitcoin trolling Bitcoin maxis. He posted

“How many Bitcoin maxis does it take to screw in a lightbulb?”

Musk’s Love-Hate Relationship With Bitcoin Continues

Musk has gone from being a Bitcoin hero to a Bitcoin villain within a quarter and since then his trolling spree has continued. Throughout all of this Musk has maintained that Tesla still holds its $1.5 billion Bitcoin purchase despite the decline in price by half.

Musk’s tweet has often led to a price fluctuation in the crypto market, something he has mocked as well. It all started with Tesla discontinuing the Bitcoin payment option within weeks of adding it, blaming the environmental concerns. However, Musk has maintained Tesla would reconsider once the BTC mining becomes greener.

Jack Dorsey’s view on Bitcoin is quite opposite of Musk’s, and he has said Bitcoin is one of the most important inventions in modern history. He had earlier said if needed he will leave both Square and Twitter for Bitcoin. While Musk is propagating for Proof-of-stake mining consensus over Bitcoin’s Proof-of-work, Dorsey beleive POS is more centralized and less secure.

The discussion between Musk and Dorsey could prove to be quite an event similar to the recent Twitter space discussion by El Salvador President Nayib Bukele with more than 23,000 crypto enthusiasts.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Prashant Jha
987 Articles
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

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