Elon Musk, Jack Dorsey, and Cathie Wood discussed the future of Bitcoin at “The B Word” conference
Yesterday, Elon Musk, CEO of Tesla and SpaceX, Ark Investment CEO Cathie Wood, and Twitter and Square founder/CEO Jack Dorsey talked about the present status of Bitcoin and some of the most urgent problems surrounding its operation.
According to Wood, the most unexpected feature of digital money was its disruption of the current economy. Its function as a payment system, she added, was one of the most appealing features, which Musk backed up by citing decentralization and other conventional systems’ advantages.
From an IT perspective, there is an obvious opportunity for Tesla’s CEO, since Bitcoin is quicker and less error-prone.
This is because banking institutions are not ideal for customers’ requirements and have significantly greater operational expenses, according to Musk.
Watch the conference “The B Word” from here:
In this respect, Dorsey said that Square has a history of attempting to address issues with well-known payment methods, particularly the issue of bank inclusion in nations and sectors that have been left out.
Dorsey further said that Bitcoin has impacted current monetary policy since it offers individuals greater financial power and is not regulated by other parties.
Wood highlighted Bitcoin’s restricted and planned issuance, which uses deflationary principles to help maintain and naturally grow its value.
Because it is a finite asset, it helps to combat inflationary processes such as those that many countries are facing.
The digital currency may be used as a medium of trade, a unit of account, or a store of value, according to Wood, although the latter is the primary use today.
According to Musk, any money handled by trustworthy third parties is subject to their wishes.
On our Twitter account today, we highlighted important words from the three speeches:
Elon Musk
“Cryptocurrencies will make the world better” – Elon Musk. #TheBWord
— Cryptopress (@CryptoPress_ok) July 22, 2021
“Bitcoin can improve the efficiency of money” Elon Musk #TheBWord
— Cryptopress (@CryptoPress_ok) July 22, 2021
Cathie Wood
“Corporations need to think about this ability of doing business without friction”
— Cryptopress (@CryptoPress_ok) July 22, 2021
-Cathie Wood#TheBWord
“Convergence between blockchain and AI can create opportunities for everyone”
— Cryptopress (@CryptoPress_ok) July 22, 2021
– Cathie Wood#TheBWord
Jack Dorsey
“Bitcoin can solve the biggest problems and destruction humanity has now and bring more peace”
— Cryptopress (@CryptoPress_ok) July 22, 2021
– Jack Dorsey#TheBWord
Yesterday, Elon Musk, CEO of Tesla and SpaceX, Ark Investment CEO Cathie Wood, and Twitter and Square founder/CEO Jack Dorsey talked about the present status of Bitcoin and some of the most urgent problems surrounding its operation.
According to Wood, the most unexpected feature of digital money was its disruption of the current economy. Its function as a payment system, she added, was one of the most appealing features, which Musk backed up by citing decentralization and other conventional systems’ advantages.
From an IT perspective, there is an obvious opportunity for Tesla’s CEO, since Bitcoin is quicker and less error-prone.
This is because banking institutions are not ideal for customers’ requirements and have significantly greater operational expenses, according to Musk.
Watch the conference “The B Word” from here:
In this respect, Dorsey said that Square has a history of attempting to address issues with well-known payment methods, particularly the issue of bank inclusion in nations and sectors that have been left out.
Dorsey further said that Bitcoin has impacted current monetary policy since it offers individuals greater financial power and is not regulated by other parties.
Wood highlighted Bitcoin’s restricted and planned issuance, which uses deflationary principles to help maintain and naturally grow its value.
Because it is a finite asset, it helps to combat inflationary processes such as those that many countries are facing.
The digital currency may be used as a medium of trade, a unit of account, or a store of value, according to Wood, although the latter is the primary use today.
According to Musk, any money handled by trustworthy third parties is subject to their wishes.
On our Twitter account today, we highlighted important words from the three speeches:
Elon Musk
“Cryptocurrencies will make the world better” – Elon Musk. #TheBWord
— Cryptopress (@CryptoPress_ok) July 22, 2021
“Bitcoin can improve the efficiency of money” Elon Musk #TheBWord
— Cryptopress (@CryptoPress_ok) July 22, 2021
Cathie Wood
“Corporations need to think about this ability of doing business without friction”
— Cryptopress (@CryptoPress_ok) July 22, 2021
-Cathie Wood#TheBWord
“Convergence between blockchain and AI can create opportunities for everyone”
— Cryptopress (@CryptoPress_ok) July 22, 2021
– Cathie Wood#TheBWord
Jack Dorsey
“Bitcoin can solve the biggest problems and destruction humanity has now and bring more peace”
— Cryptopress (@CryptoPress_ok) July 22, 2021
– Jack Dorsey#TheBWord
