Elon Musk and Jack Dorsey talk future of Bitcoin and cryptocurrencies

Elon Musk and Jack Dorsey talk future of    Bitcoin and cryptocurrencies

Jack and Elon talk shop on Bitcoin.

B word

Tesla CEO Elon Musk and Twitter CEO Jack Dorsey spoke at length about length Wednesday future of Bitcoin, praising cryptocurrency and its potential for change more of just monetary systems. Sure, Musk also spoke of his particular affinity for Dogecoin.

The two tech The CEOs were joined by Cathie Wood, founder and CEO of Ark Invest, for a virtual discussion during The B word event called Bitcoin as a tool of Economic enhancement.

“My hope is that [Bitcoin] creates world pace or help create world pace”said Dorsey.

Dorsey’s payment company, Square, was his way of enter the cryptocurrency space. He said his first interaction with Bitcoin has arrived in 2008 even though he had heard about it years before. he added than Bitcoin community’S drive inspires and reminds him of the first days of Internet. Square started recently work on a hardware digital wallet to make Bitcoin more main.

moss has also been a supporter of Bitcoin for some time and has confirmed that he owns some Bitcoin, Ethereum and Dogecoin and has no plans to do so on sale.

“I could pump but not drain,” Musk said. Tesla’s CEO was accused of promote Bitcoin and Dogecoin in in order to raise their prices just to sell to higher price, named pump and dump.

Moss also said his other company, SpaceX, owned Bitcoin. before in the year, Tesla has invested in Bitcoin before the company started accepting cryptocurrency as a payment. Then in May, Moss changed his mind on accepting such payments, due to mass amount of power necessary for Extraction of bitcoin.

How for Dogecoin, Musk explained that he considered the altcoin funny and ironic, like was made as a joke, but that could be the leading cryptocurrency.

“The Doge community is irreverent and has great meme, I love dogs and I love dogs and memes, ”Musk said.

Although the argument of the discussion was Bitcoin, Dorsey talked a little bit about Twitter. Musk asked if the social media platform would be allow companies a buy Ads using Bitcoin. Twitter CEO said the company should to be in degree, even if he is he more focused on creating financial incentives for the platform without relying on Ads.

Dorsey also brought up which is continuing work on Blue sky, a decentralized social media project he said is still in its very early stages.

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