Bitcoin is a weird place. One day you're watching a meme of a dog go to the moon, and the next, two of the world’s most powerful tech moguls are arguing about "safe words" and solar panels in front of thousands of people. Honestly, the whole saga of the Elon Musk bitcoin endorsement dorsey response feels like a fever dream from 2021 that never quite ended. It wasn't just about the price of a digital coin; it was a clash of philosophies between a "chaos agent" and a "Bitcoin maximalist."
Jack Dorsey is a guy who basically thinks Bitcoin can bring about world peace. He’s all in. He even renamed his company Square to Block to prove it. Then you’ve got Elon Musk, who treats crypto like a toy box, flipping from "Bitcoin is my safe word" to "Tesla won't accept it because of coal" faster than a Model S hits 60.
The Bitcurious Incident: How it All Started
It started with a tweet. It always does with these two. Back in June 2021, Dorsey was promoting an event called "The B Word," which was meant to educate institutions about why they should buy into the orange coin. Musk, being himself, replied with a single word: "Bicurious?"
Dorsey didn't miss a beat. He invited Musk to the event to share all his "curiosities." Musk’s response? "For the Bitcurious? Very well then, let's do it."
This wasn't just two rich guys chatting. It was a pivotal moment. At the time, the market was bleeding because Musk had just pulled the rug on Bitcoin payments at Tesla, citing the massive environmental toll of mining. The community was furious. They felt betrayed. Dorsey, ever the diplomat, saw an opportunity to bring the world’s biggest influencer back into the fold.
The B Word Face-Off
When the actual event happened in July 2021, it was a bit of a "crypto love fest," but with some sharp edges. Cathie Wood from ARK Invest sat between them like a mediator.
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Musk dropped a few bombshells:
- He personally owned Bitcoin, Ethereum, and Dogecoin.
- SpaceX also owned Bitcoin (a fact that hadn't been confirmed until then).
- He "might pump, but I don't dump."
Dorsey’s response was more focused on the long-term ethos. He talked about Bitcoin being the "native currency of the internet" and how it reminded him of the early days of the web—back before it was all owned by a few giant corporations. He basically ignored the Dogecoin talk and focused on how Bitcoin could fix the predatory nature of the global financial system.
The coolest part? They actually agreed on something. They both backed the idea that Bitcoin mining could actually incentivize renewable energy. The logic is that miners can set up shop anywhere—even in the middle of a wind farm that has no way to send its power to a city. By "eating" that excess power, they make the green energy project profitable.
The Safe Word Shenanigans
Things got weirder in September 2021. Dorsey tweeted the word "crypto" in quotes. Musk jumped in: "That's my safe word too."
It’s easy to dismiss this as just billionaires being weird on the internet, but it highlights the difference in how they see the space. For Musk, it’s a game of memes and "ironic" outcomes. He once said that the most ironic outcome—and therefore the most likely—is that the currency invented as a joke (Doge) becomes the global standard.
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For Dorsey, it’s a mission. You've probably noticed he rarely talks about any other coin. To him, there is Bitcoin, and then there is everything else (which he often views as centralized junk). This tension is why the Elon Musk bitcoin endorsement dorsey response is so fascinating. You have the ultimate pragmatist/troll meeting the ultimate true believer.
The Solar Power Partnership
You might think they just tweet at each other, but they’ve actually put money where their mouths are. In 2022, Dorsey’s company, Block, teamed up with Blockstream and Tesla to build a solar-powered Bitcoin mine in Texas.
This was the practical application of the theory they discussed at "The B Word."
- Tesla provided the 3.8-megawatt solar array and the 12-megawatt-hour Megapack battery.
- Block provided the funding.
- The Goal was to prove that you could secure a global monetary network using nothing but sunshine.
It was a rare moment of synergy. Musk got to show off Tesla’s energy tech, and Dorsey got to prove that Bitcoin doesn't have to kill the planet.
Why This Still Matters in 2026
If you're looking at the crypto landscape today, you've got to understand that these two set the stage for how the public perceives Bitcoin. Musk represents the volatility—the "is it a scam or is it the future?" vibe. Dorsey represents the "freedom technology" aspect—the idea that you should be your own bank.
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The Elon Musk bitcoin endorsement dorsey response isn't just a history lesson. It’s a template for the ongoing debate about energy, decentralization, and whether we can trust "visionaries" with our money.
Lessons from the Musk-Dorsey Exchange
- Don't follow the hype blindly: Musk admitted he "pumps" things. He’s a showman. If you bought Bitcoin just because he put it in his Twitter bio, you likely got burned when he took it out a month later.
- Look for the infrastructure: While Musk was tweeting memes, Dorsey was building the Lightning Network (a way to make Bitcoin transactions instant and cheap). Real value usually happens in the code, not the comments section.
- The "Green" debate isn't settled: Even though they launched a solar mine, the debate over Bitcoin’s carbon footprint is still raging. It's complicated. Anyone telling you it's 100% clean or 100% evil is probably selling something.
Honestly, the most important takeaway is that even the people at the very top are kinda figuring it out as they go. They have big disagreements, they post weird jokes, and they change their minds.
If you're trying to navigate this space yourself, start by looking at your own "safe word"—how much risk can you actually handle? Because as these two have shown, the ride is rarely a straight line.
If you want to dive deeper into the technical side of what they built in Texas, you should check out the real-time dashboard Blockstream set up for the solar mine. It shows exactly how much power is coming from the sun versus the batteries at any given second.
You should also look into "self-custody" solutions. Both Musk and Dorsey have warned that "not your keys, not your coins." If you're keeping your assets on a big exchange, you haven't really learned the lesson that Dorsey has been trying to teach since 2008.