On June 25 local time, Tesla founder Elon Musk confirmed on the social media platform Twitter that he will attend the cryptocurrency conference "The B Word" held in July. The meeting, initiated by the Encryption Innovation Council (CCI), will be held online on July 21, and Twitter founder Jack Dorsey is Musk's inviter.

Formed in April of this year, CCI is a consortium of crypto-friendly companies that includes Coinbase, Square, Fidelity Digital Assets, and Paradigm.

The organization aims to help institutional investors lobby local legislators for regulation on cryptocurrencies and blockchain, and the "The B Word" conference in July will focus on the popularization of knowledge about cryptocurrencies.

Although the scale of the global cryptocurrency market cannot be ignored, due to the wild development in the early stage, many mainstream media and regulatory agencies outside the industry are hostile because they do not understand cryptocurrency. And even within the overseas encryption community, there are differences. For example, the communities of Bitcoin and altcoins have a phenomenon of fragmented consensus. The extreme supporters of Bitcoin (Bitcoin Maximalist) believe that only Bitcoin is the purest cryptocurrency and the only cryptocurrency with real value.

Twitter CEO Jack Dorsey is an extreme supporter of Bitcoin. Before that, he had repeatedly read the Bitcoin white paper and praised the Bitcoin white paper as beautiful as "like poetry." Musk's attitude towards Bitcoin has repeatedly changed. He has also praised altcoins such as Dogecoin and SHIB on social media. Both are heavyweights in the overseas community, so their confrontation at next month's meeting will attract wide attention.

In addition to the above two celebrities, the invited speakers of this conference also include Cathie Wood, the new Wall Street stock god, and Adam Back, the founder of Blockstream, the parent company of the Bitcoin core development team. There is no doubt that the most watched guests are Musk and Dorsey.

It’s unclear what impact the discussions by Dorsey or other major cryptocurrency players might have on Tesla’s bitcoin policy or on Musk personally. Musk said earlier this month that he would reconsider supporting the addition of bitcoin payments if miners can confirm that 50 percent of mining is done using clean energy.

However, many people in the mining industry said that the clean energy rate used in Bitcoin mining has already accounted for more than 50%. It is impossible for Musk to be unaware of this fact. In order to manipulate the encrypted market for profit.