Will Elon Musk Take the Jack Dorsey Challenge to Discuss Bitcoin Adoption by Institutions?

By Bhushan Akolkar
Published June 25, 2021 Updated June 25, 2021
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Will Elon Musk Take the Jack Dorsey Challenge to Discuss Bitcoin Adoption by Institutions?

By Bhushan Akolkar
Published June 25, 2021 Updated June 25, 2021

A new war of words has triggered on Twitter between the two business tycoons Elon Musk and Jack Dorsey, who are currently in opposite camps with their views on Bitcoin. Earlier on Thursday, June 24, Dorsey announced “The B Word” community to expand the Bitcoin development and push further its use among institutions and companies.

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In a bizarre response to Dorsey’s announcement, Musk tweeted “Bitcurios”?

Responding to it, the Twitter CEO has challenged Musk to have a conversation/debate with him at the event. “You can share all your curiosities,” added Jack Dorsey.

After briefly promoting Bitcoin earlier this year, Elon Musk has been now turned critical about the crypto as Tesla dropped BTC payments at the company citing Bitcoin’s environmental issue. However, Musk has said that Tesla might again accept BTC payments once 50% of Bitcoin mining turns green again.

With his recent responses to Dorsey, Bitcoin proponents lashed out at Elon Musk for playing around with the world’s largest cryptocurrency. Musk has responded with a tweet targeting Bitcoin maximalists.

About “The B Word” community

As per the official website, this is a “Bitcoin focused initiative that aims to demystify and destigmatize mainstream narratives about Bitcoin, explain how institutions can and should embrace it, and raise awareness around areas of the network that need support”.

The official launch of this community, focused towards Bitcoin development, will happen next month on July 21, 2021. It aims to bring more informed discussions around Bitcoin while educating and empowering investors with the right knowledge. The goals for this community include:

  1. Demystifying Bitcoin
  2. Supporting the Developer Ecosystem
  3. Securing the Bitcoin Network
  4. Regulating Bitcoin
  5. Preserving the Bitcoin Ethos

Top speakers at the event include Bitcoin industry proponents like Ark Invests’ Cathie Wood, Twitter and Square Inc CEO Jack Dorsey, Blockstream CEO Adam Back, Senior Counselor of Beacon Global Strategies Michael Morell, and Director of Brink John Newbery.

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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
Bhushan Akolkar
715 Articles
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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