Bitcoin (BTC) Proponent Jack Dorsey to Remain Twitter CEO

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Mon, 03/09/2020 - 13:35
Alex Dovbnya

Twitter will keep its pro-Bitcoin CEO Jack Dorsey after a failed takeover attempt

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Contents

Vocal Bitcoin proponent Jack Dorsey to remain at the helm of social media giant Twitter, CNBC reports.  

Related
Cryptocurrency and Bitcoin Are Internet's National Currency: Twitter CEO Jack Dorsey

#StandingWithJack 

Last week, Elliott Management founder Paul Singer attempted to oust the eccentric billionaire by buying a four percent stake in his company. 

The 'vulture capitalist' was displeased with the CEO's pro-crypto stance. Instead of focusing on running Twitter he claimed the CEO was diverting his attention to Square Crypto, the subsidiary of financial service provider Square that is also owned by Dorsey. 

Numerous members of the cryptocurrency industry stepped in to support Dorsey, including Ethereum co-founder Vitalik Buterin. 

Related
Part of Bitcoin History to Be Deleted by Twitter, Crypto Community Asks Jack Dorsey to Memorialize It

A pro-Bitcoin voice 

As reported by U.Today, Dorsey predicted that Bitcoin could become the only currency in the world. He himself buys around $10,000 worth of BTC on a weekly basis. Meanwhile, Square Crypto contributes to the development of Bitcoin Core and the Lightning Network.  

Meanwhile, Bitcoin was responsible for almost 50 percent of Square's Cash App revenue in the fourth quarter, which means that his crypto app is definitely paying off.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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