Jack Dorsey, the CEO of Twitter, has a lot to keep up with these days. He’s in charge of two public companies, (Twitter and Square), and oversees the advancement of several different initiatives in both. While not making the headlines for his eating and sleeping habits, he’s also supporting and talking about the importance of bitcoin, privacy, and discourse in general with podcasters such as Marty Bent on TFTC.
Dorsey commented on the exciting fact that there is now the “potential for a global currency” and that he would like to be a part of the movement, he does not want to be left behind.
Dorsey and Bitcoin Dreams
While Dorsey has been vocal in the past about the leading digital asset, bitcoin, he’s been doing much more than simply talking about it and serving as one of its main proponents. Dorsey is also an investor in Elizabeth Starks Lightning Labs and has incorporated bitcoin trading into the Square Cash App for consumers.
Square Cash app allows interested cryptocurrency enthusiasts to simply and easily purchase BTC stored within the Square Cash app.
Dorsey has doubled down on his interest in bitcoin integration into the Square app through the launch of “Square Crypto”. Square Crypto is still in the works as it is in the process of bringing on compelling bitcoin talent and seems to be close to finalizing their hiring decisions.
Their goal is to “build open source projects that will make mass adoption not just possible but inevitable, (its) goal isn’t to make money, but to improve it”.
The news is compelling because it indicates that despite the different tempos present within the market, established fintech players such as Square will continue to invest in and support the development of the bitcoin protocol.
Dorsey and Purchases Of Bitcoin
He’s also been known to support bitcoin through participation in social movement such as #stackin sats via the cash app.
Bullish Bitcoin
Meanwhile, the leading digital asset, bitcoin continues to rise and is now at the $154 billion market cap. Vocal bitcoin enthusiasts such as Pompliano have even stated via twitter “UNPOPULAR OPINION: Investing in Silicon Valley unicorns at these inflated revenue multiples and in an overvalued market is much, much more risky than investing in Bitcoin”.
This may be true, as the globally accessible digital asset may serve as a risk asset to some while also serving as a safe asset to others.
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