The B Word: What time is the huge Bitcoin conference today? Is Elon Musk speaking?

The B Word: What time is the huge Bitcoin conference today? Is Elon Musk speaking?

The B Word: What time is the huge Bitcoin conference today? Is Elon Musk speaking? (Images: Getty Images)

Cryptocurrency investors, fans and market analysts are all currently paying close attention to the world’s largest cryptocurrency, Bitcoin, right now as expectations for its soaring success are met with continued challenges for the crypto market.

Regulators and states worldwide have begun to stir following the coin’s rapid acceleration to values of over $70,000 earlier this year, as Bitcoin miners and crypto traders across the globe are now seeing tougher action from China and Europe – who just yesterday laid out plans to ban anonymous cryptocurrency transactions in the wake of the Chinese government’s clampdown on huge mining networks in the region.

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But while Monday’s second dip below the $30,000 price threshold in value showed the crypto market continuing to be shaken by the resurgence of regulatory action and fears around spiking coronavirus cases, many Bitcoin investors still cite the coin’s monumental growth as a sign of positive things to come for the currency.

Hopes for a rebound in Bitcoin value this week following the recent dip and the potential shake-out of more fearful, new investors in the cryptocurrency come as The B Word – a conference mulling over the prospects and future of Bitcoin – kicks off this afternoon.

Here’s what you need to know about the start times of The B Word, how to watch and the speakers set to feature.

What time does The B Word start today?

Hosted by the Crypto Council for Innovation and fellow partners, the event penned as “[helping] to demystify and destigmatize narratives about Bitcoin, explain how institutions can embrace it, and raise awareness around areas of the network that need support” will start at 12pm Eastern Time in the US, which equates to 5pm here in the UK.

The conference is set to last for several hours, with the launch of The B Word as an organisation encouraging institutions to embrace Bitcoin also being co-hosted by ARK Invest, payment company Square, Inc, and crypto-investment firm, Paradigm.

The first event, entitled ‘Demystifying Bitcoin’, will kick off at this time – with more events and discussions on taking place from 5pm GMT onwards.

Who is speaking at the Bitcoin conference?

Several panel discussions feature as part of The B Word today, with a range of talks and speakers exploring current and future challenges to institutional recognition and embracement of Bitcoin and other major cryptocurrencies.

But without a doubt, the most eagerly anticipated talk of the day will take place at 7pm GMT (2pm EDT/11am PDT), when Twitter and Square, Inc founder Jack Dorsey will take to the stage with Tesla billionaire and Bitcoin-sceptic Elon Musk for a discussion on ‘Bitcoin As A Tool For Economic Empowerment’.

The duo are regularly seen exchanging jokes and blows over their preferred cryptocurrencies on Twitter.

Unsurprisingly, the discussion featuring ARK Invest’s Cathie Wood and moderated by Steve Lee is penned as one ‘where nothing is off limits!’ according to the event organisers, with crypto fans, investors and analysts poised for the prices of coins like Bitcoin and Dogecoin to fluctuate as Elon Musk takes to the virtual stage.

Musk is known for being able to sway the value of coins with any controversial statements or dismissals of the major cryptocurrency beloved by Jack Dorsey, with the Tesla founder most recently delivering a blow to Bitcoin when he declared that the electric car company was suspending Bitcoin payments due to the coin’s dramatic environmental impact.

Other discussions and presentations exploring possibilities for investment and embracement of Bitcoin at an institutional level will feature other high profile analysts and figures like Lyn Alden (Lyn Alden Investment Strategy), Adam Back (Blockstream), Nic Carter (Castle Island Ventures), Michael Morrell (Beacon Global Strategies), Dr. Neha Narula (MIT Digital Currency Initiative) and John Newbery (Brink).

“We are proud to co-host the launch of ‘The ₿ Word,’” said Cathie Wood, founder, CEO, and CIO of ARK Invest.

“As the next wave of adopters embrace Bitcoin, we believe stakeholders must play an active role in supporting and sustaining the network."

Twitter and Square, Inc CEO Jack Dorsey said: “As companies and institutions like us are getting into Bitcoin, we all need to better understand how to put the community first and how we may help it thrive, even when it appears to be against our own interests.

“Doing so will benefit all over the long-term.”

Where and how can I watch The B Word?

To tune into the conference, you can visit The B Word’s website at https://www.thebword.org/c/the-b-word to register – with the event set to officially kick off at around 5pm.

Alternatively, to watch how the discussion between Cathie Wood, Jack Dorsey and Elon Musk plays out, you can watch the livestream of the event at the following link here.

All discussions and presentations will be livestreamed on the site from 5pm onwards, but will also uploaded to The B Word and the Crypto Council for Innovation’s website afterwards at cryptoforinnovation.org.

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Bitcoin Price Up 6%, B Word Conference Crowned by Jack Dorsey and Elon Musk Debate

Tesla CEO Elon Musk and Square CEO Jack Dorsey are expected to debate during the ‘B Word’ conference.

Bitcoin price has today fully recovered from yesterday’s bear market. According to Binance-backed Coinmarketcap, Bitcoin price was trading over $31k, up approximately 6.74% in the past 24-hours. Similarly, the entire altcoin market was led by Ethereum, BNB, and Dogecoin. The rise in Bitcoin price coincided with the ‘B Word’ conference organized by the Crypto Council for Innovation.

The Crypto Council for Innovation describes itself as “a global alliance of crypto industry leaders with a mission to demonstrate the transformational promise of crypto and communicate its benefits to policymakers, regulators, and people around the globe.”

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk and Square Inc (NYSE: SQ) CEO Jack Dorsey are expected to debate during the conference. The Crypto Council for Innovation is comprised of notable crypto firms including Coinbase, Square, Fidelity, and VC firm Paradigm.

The cryptocurrency market has been trapped in a bear market since late March but has consolidated on a notable support level in the past few months. Consequently, a major breakout has been anticipated with notable crypto market analysts including PlanB and Peter Brandit calling for a long. However, some are for a dip towards $22k and then rebound to an all-time high. Ultimately, the market is expected to continue with the bull market after the mini-bear market is over. Meanwhile, the volatility could swing Bitcoin prices in any direction.

Bitcoin Price from Different Perspectives amid the B Word Event

From a technical point of view, a daily close above yesterday’s open could momentarily invalidate a bear breakout. Otherwise, the market could be headed on a major bull market bolstered by underlying fundamentals.

Most of the time, when the market is in a falling trend and trapped in a descending triangle, a major bull breakout is likely around the corner. However, the move could be invalidated should the bears continue pushing the crypto market down on the higher time frame.

Fundamentally, institutional investors are still seeking exposure to the crypto market. Furthermore, Tesla has not yet announced any sale of its Bitcoin holdings. This is despite the company earlier announcing cancellations of Bitcoin payments.

Ark Invest led by Catherine Wood has continued to double down its exposure to the crypto market through its Coinbase stock investment. In a recent research report, Ark Invest noted that some financial institutions are noted well informed on the Bitcoin market.

“Critics often point to bitcoin’s volatility as a “store-of-value deal-breaker.” Why would anyone want to store value in an asset with such dramatic swings in its day-to-day price? In our view, these critics do not understand why bitcoin is volatile and why its volatility is likely to diminish,” the firm noted.

The focus will be given on the ‘B Word’ conference and the key speakers including Musk and Dorsey. Their market perspective will shed light on how institutional investors view the cryptocurrency industry and its volatility.

Elon Musk, Jack Dorsey Joke About Wigs, ‘Special Performance’ At Upcoming Cryptocurrency Meet

Elon Musk was joined by Twitter co-founder Jack Dorsey in a banter (File)

When Elon Musk is tweeting one can expect a good deal of social media buzz to follow. The tech billionaire has proven in the past that he can greatly impact the future of cryptocurrencies with his unexpected and slightly eccentric tweets. This time around, he was joined by Twitter co-founder Jack Dorsey as they discussed the “The ₿ word” summit. The conference is aimed at “demystifying and destigmatizing mainstream narratives about Bitcoin” and is scheduled to be held on July 21. According to organisers, the summit will be attended by the likes of Elon Musk, Jack Dorsey and founder of ARK Invest, Cathie Wood, among others.

Responding to a tweet by Bitcoin Magazine that confirmed the presence of the entrepreneurs at the meet, Mr Musk said, “During this talk, we will sing a cover of The Final Countdown by Europe.” He also added a link to the song by the rock band.

During this talk, we will sing a cover of The Final Countdown by Europe https://t.co/7YUXiW8dhd — Elon Musk (@elonmusk) July 19, 2021

In response to this post, Mr Dorsey tagged the Tesla CEO and said, “Can I borrow a wig?” Mr Musk took no time in coming to the Twitter CEO’s service and wrote, “Sure, I have a ton.”

Sure, I have a ton — Elon Musk (@elonmusk) July 19, 2021

Mr Dorsey also offered an alternate song suggestion to the SpaceX CEO and said, “Or we go with this one instead,” linking the 1981 song Don’t Stop Believin' by the band Journey.

Or we go with this one instead: https://t.co/c6yN8q09hA — jack (@jack) July 19, 2021

The fun banter between the two tech giants had Internet users in splits. Many responded to the tweets with laughing emojis.

Quote-tweeting Mr Musk’s comment of him having a “ton” of wigs, one user said, “Now, we finally know how your hair magically came back". He shared an old photo of Mr Musk with a bald patch, along with a newer image in which he is seen with much more hair.

Now we finally know how your hair magically came back… https://t.co/83PAgtonQSpic.twitter.com/R3iYnW3dqF — Really Good Tech Deals (@RlyGudTechDeals) July 19, 2021

Another said that after Mr Musk’s wig comment a new coin, “ElonWig” will come up.

@elonmusk You did it now… you KNOW there is now going to be $ElonsWig coin…

Hmmm…. https://t.co/3GQGKvgquE — SeaninNH (@Seanin603) July 19, 2021

Take a look at some of the other reactions.

Which wig/costume was your favorite? pic.twitter.com/k5TjWv7Zp4 — Renata Konkoly ???????? (@RenataKonkoly) July 19, 2021

This one would look good on @Jack ???????? pic.twitter.com/oZ3bi7NtHY — Sir Doge of the Coin (@dogeofficialceo) July 19, 2021

Tell us what you think of this fun conversation.