Jack Dorsey: “Bitcoin will replace the US dollar”

Brief:

  • Former Twitter CEO Jack Dorsey believes that BTC can replace the US dollar
  • He left the company for his project in the crypto sector

Tuesday 21 of December, Twitter founder and former CEO of the company Jack Dorsey stated that BTC will replace the US dollar. He stated this in a discussion under the post of hip-hop singer Cardi B.

Like many other rappers, athletes and bloggers, Cardi B has several contracts with partners in the crypto space. In August 2020, the performer handed out BTC for $ 1 million among subscribers.

On Tuesday, 20 December, she asked her audience if cryptocurrency can replace dollars. Twitter founder Jack Dorsey noted that yes, but so far only Bitcoin can do it.

Recall that Dorsey created his own project – Block (formerly Square), owns a large capital in BTC and directed Twitter to integrate both digital assets and content related to them.

At the same time, apparently, the new CEO Parag Agrawal intends to follow the same course. At least in the past, he has worked with crypto projects on numerous occasions.

If you are interested in this topic, we recommend reading this interview with MicroStrategy CEO Michael Saylor. In his speech, he touched upon the topic of BTC liquidity, as well as its role in asset hedging.

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