Twitter CEO Shades Tron, Says ‘No’ to Ethereum While Bitcoin Remains His Only Bet

  • Alex Dovbnya
    📰 News

    After becoming a participant of the ‘lightning torch’ experiment, Jack Dorsey once again displayed his bullish stance on Bitcoin while snubbing other altcoins


Twitter CEO Shades Tron, Says ‘No’ to Ethereum While Bitcoin Remains His Only Bet
Contents

 

Twitter CEO Jack Dorsey reaffirms his bullish stance on Bitcoin, which turns out to be the only cryptocurrency he holds. Dorsey also reveals that he’s not a fan of altcoins (namely, Tron and Ethereum).

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An inventive experiment

Jack Dorsey became the latest recipient of the so-called ‘lightning torch’. The creative experiment is supposed to spread awareness about the Lightning Network, which is expected to significantly increase the scalability of Bitcoin. Everyone who’s willing to take part in the experiment has to add a little BTC before passing it to another participant (the total amount has so far reached 2.86 mln satoshis with roughly 150 people taking part in the experiment).

The only crypto asset in Dorsey’s portfolio  

Dorsey, who also happens to be the CEO of payment processor Square, praised the crypto Twitter community for this experiment while also sharing his stance on Bitcoin. He states that Bitcoin is the only currency he owns, but he didn’t specify how much BTC he has, simply saying ‘Enough.’

 He further reiterated his support for Bitcoin by calling the currency ‘resilient’, ‘principled’ and ‘native to Internet ideals’. U.Today reminds readers that Dorsey earlier appeared on a Joe Rogan podcast where he voiced an uber-bullish prediction about Bitcoin becoming the only Internet currency and (potentially) the only world currency.

Tron and Ethereum get snubbed

When asked about other currencies (specifically, Tron and Ethereum), Dorsey was less enthusiastic. He sarcastically replied ‘Love the movie’ after a question about his opinion on the Tron (TRX) token. Dorsey clearly doesn’t acknowledge the coin, referring to Joseph Kosinski’s sci-fi movie instead. Tron CEOJustin Sun ‘strongly recommended’ the actual currency to Dorsey.

With Ethereum, his reply was simply ‘No’. Dorsey’s Square allowed Bitcoin payments in all 50 US states in August 2018. However, the PayPal rival accepts neither Ethereum nor any altcoins, which once again shows that Dorsey is a true Bitcoinist.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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