We’ve all heard of Elon Musk. But he’s not the usual Twitter troll who claims he’s the central banker of crypto. Instead, the SpaceX founder has recently talked about bitcoin and its future. He recently sat down with ARK Invest, a tech investment firm, who asked him about cryptocurrency. Musk responded, “Crypto, really?” and elaborated on his thoughts on cryptocurrency. The founder of Square, and former CEO of Twitter, Jack Dorsey, is an advocate for bitcoin and has personally invested in the currency. He has declared that he believes bitcoin will become the world’s single currency. Square has already purchased $50 million worth of bitcoin and recently committed to building a hardware wallet. In addition, the company has announced that it is working on an open-source bitcoin development kit. Elon Musk and Jack Dorsey’s Involvement in the Crypto Ecosystem Both Elon Musk and Jack Dorsey have endorsed bitcoin and its future. Although Musk is a huge proponent of bitcoin, we have criticized Dorsey for being too liberal with his views on cryptocurrency. Musk has been openly critical of bitcoin’s lack of regulatory oversight and has made several controversial statements. For example, he has said that he will not sell Tesla’s bitcoin if made into a cryptocurrency. Dorsey has also been critical of Bitcoin. He believes that bitcoin will break the monopolies of violence and become the world’s single currency. However, Dorsey’s Twitter ac...
