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…