Bitcoin (BTC) changes absolutely everything – CEO of Square

Bitcoin (BTC) changes absolutely everything – CEO of Square
фото показано с : invezz.com

2021-6-5 13:02

While addressing students at the Indian Institute of Technology (IIT), Twitter’s Co-Founder Jack Dorsey says he is extremely bullish about the future of Bitcoin (BTC/USD).

The tech billionaire also admitted that he would have been working on Bitcoin if he wasn’t at Square or Twitter. He added that he may consider leaving them for Bitcoin if the cryptocurrency needed more help than those firms.

Dorsey is not the only billionaire with a huge admiration for Bitcoin. Tesla’s Co-founder Elon Musk has always promoted the crypto asset at any slight opportunity he gets on Twitter. However, he recently shared concerns about the extreme use of fossil fuels to mine Bitcoin, which, according to him, goes against the principle on which Tesla was founded.

Musk has been busy lately discussing a more feasible method of mining Bitcoin using clean energy.

Furthering Bitcoin development

Dorsey said Bitcoin is capable of creating a new financial infrastructure that is more supportive and inclusive for underserved communities. Dorsey reiterated,

I don’t think there is anything more enabling for people around the world.

He is one of the front runners of Bitcoin development. He recently partnered with Hip-Hop mogul “Jay-Z” to create a multi-million dollar fund to expand the cryptocurrency’s adoption in India and Africa.

Bitcoin still facing criticism

Although Bitcoin has been supported by many both within the crypto industry and the mainstream, it still faces serious challenges.

Apart from the present issue of fossil fuel use to mine Bitcoin, it has been criticized for its volatility and susceptibility to fraud.

But Bitcoin enthusiasts are seeing it as a better option to the centralized fiat currency and a perfect hedge against inflation.

Dorsey also believes that Bitcoin has the capability of becoming the native currency for the internet in the future.

He said that is the only reason why Square Inc, a company he co-founded, got involved with the crypto asset.

The post Bitcoin (BTC) changes absolutely everything – CEO of Square appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67698.96 (-0.05%)
Объем 24H $11.729b
Изменеия 24h: 0.32 %, 7d: -2.23 %
Cегодня L: $67698.96 - H: $67810.23
Капитализация $1334.114b Rank 1
Цена в час новости $ 36263.92 (86.68%)

bitcoin btc square twitter tech billionaire usd

Источник: invezz.com

bitcoin btc → Результатов: 126


Фото:

Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply

On-chain data shows that the Bitcoin whales’ holdings have grown to 25. 16% of the entire supply, and their net accumulation has continued recently. Bitcoin Investors With 1,000 To 10,000 BTC Have Continued To Buy Recently According to data from the on-chain analytics firm Santiment, the BTC whales have accumulated more than 266,000 BTC since the start of the year.

2024-4-25 06:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin ETFs see $45m in inflows

Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded a net inflow of $45 million on May 28.   This extended their win rate to 11 straight days despite the Grayscale Bitcoin Trust ETF (GBTC) experiencing $105.

Spot BTC ETFs recorded $0 inflows, Bitcoin price drops

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have recorded $0 net inflows for the fourth time since their launch in January. According to data provided by Farside Investors, spot BTC ETFs stood still on May 27 as the…