Yesterday, Musks hosted a Bitcoin Bear Market Confidence Conference.

On the morning of July 21, Beijing time, the B-Word conference was held as scheduled. It will be the biggest event in the cryptocurrency market in 2021. Wood, founder of Bitcoin heavyweight KOL ARK Invest, as well as Tesla CEO Elon Musk, Twitter CEO Jack Dorsey and Kathy meet here.

The timing of this meeting was very good. Like tracking A shares and a gold trader, Bitcoin has already peaked in the stock market. Internationally acclaimed by renowned investment and marketing companies. Now the market value has halved. Their vision of what Bitcoin will indeed look like in the future is crucial in the secondary market.

And Musk doesn't seem to disappoint anyone. It is the Bitcoin promise that inspires confidence in the bear market.

Musk said SpaceX plays a "major role" in Bitcoin's vision for the future, but did not specify how SpaceX will drive that vision.

“I want to see Bitcoin succeed,” Musk said.

The carbon footprint is not something to worry about.

"As a global profit network, Bitcoin has access to data from certain services." Nick believes that Bitcoin's energy consumption is priceless. "This distribution of data brings in $ 10-20 billion a day, saves $ 600 billion in wealth, and distributes energy supplies around the world fairly and without compromise."

Kathy Wood, Founder of Ark Invest, said, “Bitcoin is the solution to inflation.

"I hope world peace will be established."

As a well-known Bitcoin sponsor, Ark Invest Founder and CEO Kathy Wood continues to excel for Bitcoin live streaming. "When I first read the Bitcoin white paper, I realized that Bitcoin is a really great idea." He and other guests discussed the importance of Bitcoin as a hedge fund. "Many new markets are suffering from huge inflation. That is, the purchasing power of these people has decreased. So they are transferring their money into Bitcoin to control it. Their purchasing power."

These movements also apply to the body. Companies should consider adding Bitcoin to their balance sheet, adding that it would be "profitable" to include Bitcoin in the company's balance sheet.

Although many organizations now hold bitcoin, the current environment for organizations holding bitcoin is not user-friendly. Due to the need for current accounting standards, when the value of Bitcoin falls, the school is forced to take a loss. In exchange, Bitcoin's advantage is only recognized when it sells.

“The FASB needs to rethink how it categorizes Bitcoin, and listing it as an asset can't help solve this problem,” Wood said. It will grow, ”he said.

“For me, we need to take actions that have the greatest potential to make the future better, and Bitcoin has the potential to be the best for the future,” Musk said. He also expressed his dissatisfaction with bank deposits. “Tesla Bank in Europe has bad interest rates, which means you have to pay the bank to save your money. It's crazy ! He believes that Bitcoin can empower people to become real owners of their finances. "People should have their own keys, not be dependent on banks or private companies."

Dorsey has a similarity. “There are a lot of issues with monetary policy in the United States, but Bitcoin can change everything. You can deposit your capital through a third party, and with Bitcoin you can have your real assets. really. Musk is excited about this as well. Bitcoin's Financial Condition, "Bitcoin itself cannot be a global currency layer, but it can become a second layer depending on how it's used," Musk said of Bitcoin. "

Dorsey thinks "Bitcoin is strong".

“I hope this will bring peace to the world,” Dorsey said.