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Twitter CEO to Convert Proceeds from Tweet Auction Into Bitcoin

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Tue, 03/09/2021 - 17:03
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Alex Dovbnya
Jack Dorsey wants to donate all of his tweet auction proceeds to charity
Twitter CEO to Convert Proceeds from Tweet Auction Into Bitcoin
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Twitter CEO Jack Dorsey has decided to convert all the proceeds from his tweet auction into Bitcoin, according to his most recent announcement

The coins will be donated to non-profit organization GiveDirectly, which focuses on families in East Africa that live in extreme poverty.       

Last week, the billionaire started promoting the tokenized version of his very first tweet on Valuables, an Ethereum-powered platform for issuing non-fungible tokens (NFTs). Dorsey will be accepting bids until March 21.    

Related
Elon Musk Changes His Twitter Profile Pic to Bitcoin

Bridge Oracle CEO  Sina Estavi has grabbed plenty of headlines in mainstream media after offering a whopping $2.5 million of Ether for the historic tweet.     

Dorsey
Image by v.cent.co

"Only Bitcoin" 

Dorsey has been a huge proponent of Bitcoin for years, but he has so steered clear of altcoins. Back in October, he mentioned that he didn't own any Ethereum after rejecting the largest altcoin in the past.        

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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.