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Elon Musk says he will debate Jack Dorsey about bitcoin, after criticizing the token's energy use

Jun 25, 2021, 18:03 IST
Business Insider
Susan Walsh/AP; Getty Images
  • Elon Musk appeared to agree to talk to Jack Dorsey about bitcoin, after criticizing the token.
  • Musk has been a key driver of the crypto boom but has slammed bitcoin's "insane" energy use.
  • The Tesla boss also appeared to renew his approval of dogecoin in his latest tweetstorm.
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Elon Musk on Friday appeared to agree to an invitation to talk to crypto bull Jack Dorsey about the Tesla boss's recent criticisms of bitcoin.

Musk, who has criticized bitcoin's "insane" energy use, trolled Dorsey about the token on Thursday night. The Twitter and Square boss wrote a tweet plugging the "B Word" conference. Musk suggested the B stood for "bicurious," before saying: "Oh right … Bitcoin haha."

Dorsey responded: "Let's you and I have a conversation at the event. You can share all your curiosities." He added: "Let's have THE talk."

Musk eventually replied: "For the Bitcurious? Very well then, let's do it."

It's unclear whether or not Musk will end up appearing at July's B Word conference, which aims to "demystify bitcoin" and will also feature ARK Invest boss Cathie Wood. Yet bitcoin enthusiasts might relish the chance to see Dorsey quiz Musk.

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The Tesla CEO - and his Twitter account - has been one of the key drivers of the 2021 crypto boom. But he has angered bitcoin fans recently, and contributed to the plunge in the cryptocurrency's price, by halting payments to Tesla in the token because of its "insane" energy use.

He has said he will resume Tesla payments in bitcoin once the network uses more green energy, but has said he sees little evidence of that so far.

Musk also appeared to renew his support for meme cryptocurrency dogecoin on Thursday night.

Billy Markus, one of the founders of dogecoin, tweeted that "$DOGE is at its best when it's funny." He said: "When people get too serious or militant about it, for me, that ruins its charm. Keep $DOGE fun and absurd."

Musk appeared to give his seal of approval to the message, tweeting an emoji of clinking beer glasses. He then also tweeted "#gravitas" in response to a meme about dogecoin, exciting doge fans on Twitter.

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Dogecoin was 3.9% higher over 24 hours on Friday at $0.24812, according to CoinGecko, although most of the rally happened before Musk's tweets. Bitcoin was down 3.9% to $33,508, according to Bloomberg data.

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