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Jack Dorsey Adds "Bitcoin" to His Twitter Bio Section – Is He up to Something?

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Fri, 05/20/2022 - 13:45
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Yuri Molchan
Former Twitter CEO has tagged Bitcoin in his bio section on the social network he co-founded
Jack Dorsey Adds "Bitcoin" to His Twitter Bio Section – Is He up to Something?
Cover image via www.youtube.com

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Twitter co-founder and former chief executive Jack Dorsey has changed his Twitter bio section to only one word, which is "Bitcoin."

Dorsey is known to be a major Bitcoin proponent and even more so a BTC evangelist, who frequently attacks other cryptos, including Ethereum and DOGE, on Twitter.

BTCJack_00hjkDorsey
Image via Twitter

Dorsey against Ethereum

He has several times publicly referred to Vitalik Buterin's coin as a "single point of failure," stating that it is centralized and VC-owned, just like Web3.

In a few recent tweets, Dorsey has again criticized Ethereum, while having a little debate with the head of FTX exchange, Sam Bankman-Fried. The latter had said in the media that he does not believe that Bitcoin has a good future as a means of payment. Dorsey engaged in a discussion with him about Bitcoin and the Lightning Network, which allows making micro Bitcoin payments fast and cheap.

Dorsey stated that he is not watching the current fall of Bitcoin (and probably does not pay attention to its price at all), since he is certain that BTC will spike again in the long term.

The reason for that is that more and more people have started using the leading cryptocurrency.

In early April, the mainstream media reported that Jack Dorsey's company, Block (which used to be known as Square), joined forces with Blockstream to mine Bitcoin in Texas, using equipment provided by Elon Musk's Tesla.

Related
Bill Gates Joins Anti-Crypto Coalition

Here's what "Bitcoin" in Jack’s Twitter bio could mean

Last year, Elon Musk briefly added "Bitcoin" to his Twitter bio section as well, and this happened when Tesla started accepting BTC, and then when it bought a large chunk of it.

Perhaps the fact of Dorsey doing likewise signifies that Jack is planning to start some ambitious new projects related to the global flagship cryptocurrency. This is not the first time he has added Bitcoin to his Twitter profile.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.