Jack Dorsey Thinks Bitcoin Can Bring ‘World Peace’

The CEO of both Twitter and payments firm Square is one of the world’s most prominent Bitcoin believers and backers, and Jack Dorsey keeps upping the ante on his professed devotion to the leading cryptocurrency.

On Wednesday, Dorsey—whose Twitter profile simply reads “#bitcoin” —appeared in a panel discussion as part of The B Word , a streaming event and resource for institutions considering entering the world of Bitcoin. Dorsey co-founded the event, and spoke on the panel alongside Tesla and SpaceX CEO Elon Musk and ARK Invest founder, CEO, and CIO Cathie Wood.

Some crypto enthusiasts expected fireworks and a vigorous debate. The terminally online Musk was recently branded an enemy of the Bitcoin community when Tesla announced in May that it would stop accepting Bitcoin payments , due to the environmental impact of cryptocurrency mining. His persistent social media prodding and formation of the divisive Bitcoin Mining Council didn’t help matters. Dorsey, on the other hand, is a major Bitcoin promoter; amid the debate over Bitcoin’s energy use, Square published a report called “Bitcoin is Key to an Abundant, Clean Energy Future.”

But there was little conflict to be found within the hour-long conversation. A sometimes-rambling Musk explained and reinforced his stance that the mining community needs to embrace renewable energy, and suggested that the shift is trending in the right direction—particularly with some mining operations shuttering amidst China’s Bitcoin crackdown . Tesla will “most likely” resume transacting Bitcoin at some point if that continues, he said. Often, Musk seemed most interested in convincing Bitcoin fans that he’s still on their side.

Leave a Comment