- Elon Musk accepts Jack Dorsey’s invite to discuss institutional adoption of Bitcoin.
- Musk’s acceptance came after early trolling by the tech billionaire.
Elon Musk has finally accepted Twitter CEO Jack Dorsey’s invite to discuss Bitcoin adoption and open-source development after early trolling. It all started with Jack Dorsey posting a link to ‘The ₿ Word,’ an initiative aimed and destigmatizing the mainstream narrative around Bitcoin and help institutions to understand how they can adopt it.
For the Bitcurious? Very well then, let’s do it 😉
— Elon Musk (@elonmusk) June 25, 2021
Musk had earlier tried avoiding the invite with his style of humor but came around to finally accept it.
Earlier today Musk took another shot at Bitcoin trolling Bitcoin maxis. He posted
“How many Bitcoin maxis does it take to screw in a lightbulb?”
“That’s not funny!” – Bitcoin maxis
— Elon Musk (@elonmusk) June 25, 2021
Musk’s Love-Hate Relationship With Bitcoin Continues
Musk has gone from being a Bitcoin hero to a Bitcoin villain within a quarter and since then his trolling spree has continued. Throughout all of this Musk has maintained that Tesla still holds its $1.5 billion Bitcoin purchase despite the decline in price by half.
Musk’s tweet has often led to a price fluctuation in the crypto market, something he has mocked as well. It all started with Tesla discontinuing the Bitcoin payment option within weeks of adding it, blaming the environmental concerns. However, Musk has maintained Tesla would reconsider once the BTC mining becomes greener.
Jack Dorsey’s view on Bitcoin is quite opposite of Musk’s, and he has said Bitcoin is one of the most important inventions in modern history. He had earlier said if needed he will leave both Square and Twitter for Bitcoin. While Musk is propagating for Proof-of-stake mining consensus over Bitcoin’s Proof-of-work, Dorsey beleive POS is more centralized and less secure.
The discussion between Musk and Dorsey could prove to be quite an event similar to the recent Twitter space discussion by El Salvador President Nayib Bukele with more than 23,000 crypto enthusiasts.
