Dorsey Makes Stance Known on Bitcoin in Recent Tweet

Author: Dylan B
Date: 
February 07, 2019
Read time: 
2 minutes

The CEO of major social media platform Twitter and financial service company Square, Jack Dorsey, made his pro-Bitcoin stance known on a Tweet that he released on February 6th.

The CEO of major social media platform Twitter and financial service company Square, Jack Dorsey, made his pro-Bitcoin stance known on a Tweet that he released on February 6th.

The tweet, which followed a recent interview that touched upon his belief in Bitcoin being the native currency of the internet, revealed that Bitcoin was his favorite cryptocurrency and currently the only one that he is holding. The tweet eventually turned into a thread and began with the line:

Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals.

In response to the thread, a Twitter user asked Dorsey what he specifically liked about the features of the cryptocurrency. Dorsey, being a true Bitcoin enthusiast, responded with:

Everything. Mostly I think it has the greatest chance of being the Internet’s native currency. If you think of the internet as you would a country, that’s huge.

The thread continued to build as more users dug deeper into Dorsey’s take on the original cryptocurrency, revealing exciting bits of information such as the potential for Square to start accepting Bitcoin as a payment method.

Dorsey took to Twitter on the same day to release another statement about his involvement in a community experiment within the Lightning Network known as the LN Trust Chain, an experiment designed to prove the functionality of the network and how it may be applied to cryptocurrencies such as Bitcoin to deal with scalability issues.

Users should expect to see more exciting developments on Dorsey’s Twitter as he continues to support Bitcoin and seek ways to support the ecosystem.

Speaking of the Bitcoin ecosystem, are you a part of it? If not, would you like to become one but aren’t sure where you can get Bitcoin or how it functions. Take a look at our comprehensive beginner’s Bitcoin investment guide so that you can successfully invest in Bitcoin today!

Posted by Dylan B

Dylan Buckley is a writer based in California. He became interested in cryptocurrency upon discovering it in 2014 and soon started investing as well as writing for a wide variety of clients and crypto-startups in the space. When he is not producing content for individuals and businesses, he is typically working on his own self-development content or making music.

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