'Jack Dorsey', Former CEO Twitter Believes Bitcoin will Replace US Dollar
Former Twitter CEO Jack Dorsey has stated that he believes that Bitcoin will replace the US Dollar. The statement was narrated in the Exchange Tweet with Grammy-winning rapper Cardy B.
Highlighted Points
- Grammy-winning Cardy B asked if crypto will replace the US Dollar.
- Jack Dorsey, the former Twitter CEO has been a wordy Bitcoin supporter.
- The former CEO also added the statement that Web3 will be the Future of the internet.
Read More: Alibaba Planning to Grow Southeast Asia E-Commerce Lazada to 100 Billion
In the exchanged Tweet Cardy B asked “If Bitcoin will replace the US Dollar” and in the reply of this Tweet Jack Dorsey said “Yes, Bitcoin will”
Dorsey has worked in the Tweeter and now he is leading digital payments and financial service company block (previously known as Square). This company was founded in 2009 and made several predictions in the future of cryptocurrency and he also dismissed the areas which were covered with the web3.
This reaction between jack Dorsey and Cardi B has been a center of attraction on many Social media platforms. The Dogecoin co-founder Billy Markus published a post on social media. The Meme was showing that how Dogecoin is more stable than the US Dollar.
Where many of the people are supporting Bitcoin, there is the second side of the topic opposition as a Bitcoin investor Dennis Porter posted his reply in that topic in which he said that “such a conversation was inevitable”
In October, Dorsey said that his company Block is looking to build a mining system of bitcoin and told that the base will be custom silicon and open source for individuals as well as businesses. This step will be added to the projects which are focused on Bitcoin projects and it will include the business to build an open developer platform as well as the wallet for hardware working of Bitcoin.
Dorsey also commented on Web3 and said “You don’t know Web3. The VCs and their LPs do, it will never escape their incentives. It is ultimately a centralized entity with a different label”. These statements are made by him during making the arguments that the venture capital firms that discovered the Web3 projects will ultimately control its future rather than the use of the project.
In reaction to the hot news of social media, the Elon Musk of Tesla said that these words are the “Marketing Buzzword” than the future of the internet.
