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21.07.202109:40 Forex Analysis & Reviews: Musk, Dorsey, and Cathie Wood will discuss Bitcoin's future

Exchange Rates 21.07.2021 analysis

The important "The B Word" conference will be held today, which will be attended by such prominent figures in the crypto community as Elon Musk and Jack Dorsey. The large-scale event will discuss issues related to the future of Bitcoin, its environmental orientation, mining in the United States, and clean energy.

This is a real global alliance of leaders of the crypto industry organized in order to show the prospects of cryptocurrency and dispel the thoughts of various world banks and governments of countries about the insolvency of cryptocurrency and harm to the environment.

Coinbase and Dorsey's main company Square will also be present. Musk also decided to show up at the conference, because it is very important for him. If Musk realizes that the production of clean energy is 50% and a consensus is reached with miners, as well as other crypto enthusiasts, then after this event, Elon will be able to consider Bitcoin again as a means of payment for Tesla cars.

Dorsey is one of the most important crypto bulls who believe in Bitcoin and is ready to leave even his positions just to deal with it and develop it. He is already working on creating a wallet for storing bitcoins, as well as on launching a Bitcoin Defi platform. Meanwhile, Musk is increasingly concerned about the environmental orientation of Bitcoin.

So if Mr. Musk sees that Bitcoin is developing in the right direction and mining becomes safe on the American territory, namely in Texas, then this may become a catalyst for the adoption of Bitcoin as a means of payment for electric cars.

Notable figures as Cathie Wood and Nick Carter, who are also bullish about the main cryptocurrency, will also be present at the meeting.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Vitaly Kolesnikov,
Analytical expert of InstaForex
© 2007-2021
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