During The B Word conference, an interesting exchange took place between Elon Musk, Jack Dorsey, and Cathie Wood. Jack Dorsey, the CEO of Twitter and Square, said, “My hope is that this creates world peace or helps create world peace. We have all these unbalanced monopolies and the individual has no power and the amount of cost and distraction that comes from our monetary system today is real and it distracts from the bigger issues.”

Cryptocurrency vs. financial inequality

Jack Dorsey explains it perfectly, for money, people are capable of doing many things, in some cases even forgetting about ethics. However, Dorsey does not find this mindset with cryptocurrency. The Twitter CEO is counting on Bitcoin and more globally on cryptomoney to tackle financial inequality. Jack Dorsey, even goes so far as to explain that Bitcoin can contribute to world peace.

During this exciting exchange with Elon Musk and Cathie Wood, Jack Dorsey says, “All of these distractions that we have to deal with on a daily basis take away from these bigger goals that affect every single person on this planet and more and more. You correct that fundamental level and everything above that improves dramatically. It’s going to be long-term, but my hope is definitely peace.”

Alongside this, Elon Musk spoke about several topics around an issue titled, “How can institutions embrace bitcoin and how can we all support the network?” The billionaire announced for the occasion that Tesla is not his only company that owns cryptocurrency. “I own bitcoins, Tesla owns bitcoins, SpaceX owns bitcoins.”

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