Elon Musk fancies running a Dogecoin node in space (and teases Tesla’s BTC adoption)
2 min readElon Musk‘s participation at ‘The B Word’ conference, an event hosted by the Crypto Council for Innovation, resonated loudly in mainstream media as well as on Twitter as the Tesla and SpaceX CEO revealed the makeup of his crypto reaches, gently boosting BTC (BTC), ETH (ETH) and Dogecoin (DOGE) prices.
Together with Jack Dorsey, the CEO of payments company Square and social media platform Twitter, and Cathie Wood, the investment management firm Ark Invest founder and CEO, the most notorious crypto influencer participated in a dialogue that revolved around BTC energy usage and its potential to become peer-to-peer cash of the future.
The holy trinity of Musk’s crypto wallet
While confirming that both Tesla and SpaceX own BTC, Musk revealed that he personally owns BTC, ETH, and Dogecoin.
“I might pump but I don’t dump,” Musk said while describing himself as an “overall supporter of BTC” that would like to see it succeed.
Dogecoin apparently adds the spirit touch to his crypto wallet as Musk explained why he is bullish on the beloved meme token.
“The Doge community is irreverent and has great memes and loves dogs and memes and I love dogs and memes,” Musk said adding that ”the most ironic and entertaining outcome would be Dogecoin, which started as a joke becoming the world currency.”
Crypto mining energy conundrum
As he reaffirmed his support for cryptocurrency in general, he stated that as BTC mining is increasingly powered by cleaner energy, Tesla will likely move to accept crypto for transactions once again.
“There is a trend towards more than 50% renewables – In that case, Tesla would resume accepting BTC,” said Tesla and SpaceX CEO.
Besides revealing that he already proposed to put a BTC node in a Starlink terminal, a satellite internet constellation being constructed by SpaceX, which would give more people access to run BTC, he also teased a concept of a space heater that could be used as ETH, BTC, and Doge mining node, which spurred a further debate on Twitter.
What did Elon Musk mean by this?
pic.twitter.com/tOBDUsGMqZ
— croissant (@CroissantEth) July 21, 2021
There are no final frontiers in the space where every whimsy has the potential to turn serious.
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