In a Twitter discussion with Jack Dorsey, Musk agreed to speak at “The ₿ Word,” a July 21 virtual event hosted by the Crypto Council for Innovation and featuring major players in the crypto space.
“As more companies and institutions get into the mix, we all want to help protect and spread what makes #bitcoin open development so perfect,” said Dorsey. “This day is focused on education and actions to do just that.”
Musk responded to Dorsey with a sexual innuendo (he has seemingly never been shy about sharing such material) before agreeing to virtually sit down with Dorsey and discuss Bitcoin at the event.
Featured speakers at the event include Dorsey; Ark Invest's Cathie Wood; Blockstream founder Adam Back; Michael Morell, former acting and deputy director of the United States Central Intelligence Agency; and John Newbery, director of Brink — a nonprofit focused on supporting Bitcoin development. The organizers have said the event is intended to “destigmatize mainstream narratives about Bitcoin.”
In March, Musk made waves in the crypto space — and may have largely contributed to a BTC price surge — when he announced Tesla had added $1.5 billion worth of Bitcoin to its balance sheet and would start to accept the crypto asset as a form of payment for its electric vehicles. However, in May, the Tesla CEO posted a tweet highlighting his concerns about Bitcoin’s energy usage and saying the company would no longer consider Bitcoin payments.
It’s unclear what effect a discussion with Dorsey or other major crypto players may have on Bitcoin policy at Tesla or for Musk personally. The Tesla CEO said earlier this month he would reconsider adding Bitcoin transactions at the firm “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.”
At the time of publication, the price of Bitcoin $32,805, having fallen 3.5% in the last 24 hours.