Elon Musk, Jack Dorsey talk about cryptocurrency at the B Word conference

An image from The B Word showing Elon Musk.

Source: The B Word

The price of ethereum rose Wednesday afternoon after Tesla and SpaceX CEO Elon Musk said he owns the cryptocurrency a The B Word conference, a event hosted by the Crypto Council for Innovation.

Ethereum, which was already rally on the day, it reached its maximum of the session after the mention of Musk. Was last up more by 12% and close to the maximum of the day.

Moss also repeated his support for cryptocurrency in general, despite the potential environmental hazards, saying, “One thing you do need to look out for with crypto, above all bitcoin, using test of work, using a little too much energy and not necessarily good for the environment. “

How bitcoin Mining is increasingly powered by renewable energy, Musk said, Tesla likely will move to accept bitcoin for transactions once again.

Moss also said that in this moment, the only listed stock in bag he owns is that of Tesla, and he personally owns some bitcoin, dogecoin and ethereum. “The only significant thing I own outside of Tesla is SpaceX, “he noted, having helped create both companies.

he also he said he kept his bitcoin long term.

“If the price of bitcoin it goes down I lose money. I could pump but not drain, “Musk said.” I definitely don’t believe it in get the price high and selling or whatever like that. I would like to like to be seen bitcoin to success.”

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Moss also confirmed that both Tesla and SpaceX own bitcoin, and no other cryptocurrency in this moment.

The B Word conference was established to “demystify”, “destigmatize” and “correct the mainstream narrative” around cryptocurrency bitcoin and promote its institutional acceptance e use.

The moss spoke on a panel along with Jack Dorsey, CEO of Payment companies Square and Musk’s favorite social media Twitter platform, together with Cathie Wood, founder and CEO of Ark Invest, who answered questions from the moderator and Square Crypto lead Steve Lee.

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