Elon Musk, a tech tycoon and proponent of Dogecoin (CRYPTO: DOGE), revealed that he privately owns cryptocurrencies. The majority of his holdings are by far Bitcoin and then some Doge and some Ether.
Doge and Ehtereum
Musk revealed that he owns significantly more Bitcoin than Ethereum and Dogecoin during Wednesday’s highly anticipated The B Word conference. I lose money if the price of BTC falls,-he added.
Musk stated that he does not intend to increase Tesla’s (NASDAQ: TSLA) involvement in a network that pollutes the environment through coal-powered mining farms.
Despite this, Musk’s views on Bitcoin during the conference were overwhelmingly positive. He appears to believe that the leading cryptocurrency can help free the financial system. He sees the financial system as a data system, from data errors caused by fraud and government intervention.
If you despise corporations, you should hate the government, Musk said of those who criticize corporations. Of course, Musk praised his student Dogecoin and praised its community for being irreverent, not taking itself too seriously, having great memes, and loving dogs.
Bitcoin is currently trading at around $31,700, up 6.3 per cent in the last 24 hours. At the same time, Dogecoin is up 9.5 per cent at $0.1882. At press time, Ethereum was trading at around $1,950, up 8.3 per cent.
Flagship crypto event
The much-anticipated B-word conference would begin in a matter of hours. With prominent crypto stakeholders such as Elon Musk, Jack Dorsey, and Cathie Wood all speaking at the live discussion program.
The Crypto Council for Innovation’s B-word conference would begin in a few hours at midnight EDT. The organizers of the meeting described it as a global alliance of crypto industry leaders with the mission of demonstrating and communicating the transformative promise of cryptocurrency. Its benefits to policymakers, regulators, and people all over the world.
According to the conference website, the B world conference is Bitcoin-focused to demystify and destigmatize mainstream narratives about Bitcoin. That explains how institutions can embrace it and raise awareness about areas of the network that require assistance.
One major highlight is the debate between Jack Dorsey and Elon Musk, as both billionaires have set a date to argue at the flagship cryptocurrency event. Both entrepreneurs were Bitcoin heroes until Tesla CEO had a change of heart and changed his mind about the asset.
Jack invited him to the B-conference chat. Let’s have a conversation at the event, you and I. He said, -You can share all your curiosities.
The debate between the two gurus was expecting to be epic, especially since one may favour BTC while the other is against it. Another important takeaway from the B-conference is that their market perspectives will reveal how institutional investors perceive the cryptocurrency world.