While Bitcoin BTCUSD is still half the price it was at one point this year, the most famous cryptocurrency is certainly not forgotten.
Yesterday, three prominent industry leaders joined in a talk about Bitcoin:
All three experts are known for their ability to look into future trends, hence making them a worthwhile group to listen to, especially when the crypto market is uncertain.
Let's look at the main takeaways! 💡
The value is certainly there
First of all, everyone agreed there is value in Bitcoin. Even though the currency was invented back in 2008/2009 when many people were still using modems for the internet, Bitcoin is still relevant today and in the future.
According to all three experts, the main benefits of Bitcoin are its limited supply, ability to work without intermediaries such as banks, and the community supporting and growing it.
SpaceX owns Bitcoin, too
While answering one of the questions, Elon Musk revealed that SpaceX owns some Bitcoin, not only Tesla and himself personally. This is quite a surprise, knowing that Tesla had bought $1,5 billion worth of Bitcoin earlier this year. Unfortunately, SpaceX’s stake was not revealed.
Twitter to accept crypto?
One of the interesting parts of the talk was when Elon asked if Jack plans to accept crypto as a payment from advertisers on Twitter.
That would seem only logical if the supporter of Bitcoin and CEO of Twitter went down that route, however, Jack expressed a different idea, in his own words: “I'm more focused on how do we create economic incentives in Twitter’s network itself without having to rely on advertising”, going beyond the currency in question.
It's great the talk happened
If there's one thing to take away from the talk other than the content itself, it's the fact that the talk happened and is only the first one in “The ₿ Word” series.
Having more and more prominent and trustworthy leaders chip in on Bitcoin's future outside of regulated media outlets is something every hodler can celebrate. Plus, it seems this was a great trading opportunity too, as BTCUSD’s price has recovered from $29,000 to $32,000 overnight. 📊
So, keep your eyes and ears open as we're currently slowly experiencing the global adoption of cryptocurrencies.
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