Elon Musk, the CEO of Tesla, and Jack Dorsey, the CEO of Twitter, have agreed to give "the talk" at the bitcoin event "The B Word," which intends to show institutional investors how they can embrace bitcoin.
Musk responded to a post from Dorsey promoting an event dubbed "The B Word," which attempts to convince enterprises and institutional investors to accept bitcoin, in a peculiar Twitter conversation.
“Bicurious?” Tesla CEO Elon Musk appeared to be referring to the "B" word in question.
“Bizarre!” tweeted Twitter CEO Jack Dorsey in response. Let's have a discourse during the event, shall we? You are welcome to discuss all of your interests.”
Musk concurred. “Is there anything for the Bitcurious? “All right, then, let's do it,” he added, to which Dorsey responded, “Done!” I'll get everything set up.”
According to the event's website, it will take place on July 21, “offering a live experience and a library of content to the investment community, enabling a more informed discussion about the role Bitcoin can serve for institutions throughout the world.”
Musk's recent comments have sent bitcoin investors on a wild trip. In January, the quirky Tesla CEO briefly added the hashtag #bitcoin to his Twitter bio, indicating his support for bitcoin.
In February, Tesla revealed that it had purchased $1.5 billion in bitcoin and would begin accepting it as a form of payment.
Simultaneously, Musk has endorsed dogecoin in a series of tweets, resulting in a spectacular — but short-lived — surge for the parody cryptocurrency.
Musk appears to have softened his stance on bitcoin in recent months. Last month, he said that Tesla will no longer accept bitcoin for automobile purchases, citing worries about the “insane” amount of energy necessary to mine the digital currency.
He also shared a meme implying that he has lost interest in bitcoin.
However, Musk stated earlier this month that Tesla would take bitcoin once at least half of bitcoin mining is confirmed to be fueled by renewable energy.
On Tuesday, Bitcoin plummeted below the crucial $30,000 threshold, wiping off all of its gains from 2021. The digital asset has subsequently rebounded above $33,000, but it is still down nearly 50% from its all-time high of nearly $65,000 recorded in April.
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