The B Word | Musk's remarks summarized: Supports Bitcoin, optimistic about its future, will not sell coins

Elon Musk, founder of Tesla, Cathie Wood, founder of Ark Invest, and Jack Dorsey, founder of Twitter, successfully completed a joint live broadcast of "The B Word." After Musk's positive remarks, the price of Bitcoin briefly touched the $32,000 level. What did Musk say? Here is a preliminary summary:

Elon Musk: I Want to See Bitcoin Succeed

Elon Musk believes that while Bitcoin has limitations at the base layer that may not be able to accommodate the usage of the entire financial system, solutions like the Lightning Network, a second-layer solution, can. He stated that he would pump the price but would not dump his holdings.

Musk said, "If Bitcoin goes down, I will also lose money. I want to see Bitcoin succeed." He also mentioned that he holds some ETH and DOGE, but he has much more Bitcoin than the other two.

Elon Musk: Neither I nor Tesla, SpaceX Will Sell Bitcoin

Musk stated that since Tesla announced accepting Bitcoin payments, the price of Bitcoin has surged, and the energy usage of Bitcoin has increased significantly. However, Tesla's mission is clean energy, which conflicts with the non-green energy used by Bitcoin. He believes that Tesla should conduct due diligence to ensure the green energy usage of Bitcoin aligns with their goals before resuming Bitcoin payments.

He reiterated, "Neither I, nor Tesla, nor SpaceX, will sell Bitcoin."

Elon Musk: I Am a Fan of DeFi

Musk believes that unless an exchange gives you your private key, you do not truly own the crypto assets. He also mentioned being a fan of DeFi.

Elon Musk: I Believe Cryptocurrencies Will Make the Future Better

He believes that cryptocurrencies will make the future better, giving individuals more power, as governments are essentially large corporations.

Elon Musk: Negative Interest Rates in Europe Make Me Headache, Will Convert to Bitcoin

When Ark Invest founder Cathie Wood discussed deflation, Musk mentioned that it was a headache for him to see Tesla's European account facing negative interest rates, where the bank account would actually decrease in real time. He stated that he would definitely put that portion into Bitcoin.

Elon Musk: Bitcoin Helps Money Information Efficiency

He believes that Bitcoin helps the efficiency of money information, empowering individuals more.