Bitcoin Will Substitute the Greenback: Jack Dorsey

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Bitcoin will replace the dollar Jack Dorsey said Tuesday in response to a tweet from rapper Cardi B.

  • Cardi B asked broadly if crypto would replace US currency, to which Dorsey replied, “Yes, Bitcoin will”.

Yes, Bitcoin will

– jack⚡️ (@jack) December 21, 2021

  • The co-founder and former CEO of Twitter is a huge supporter of crypto and has shown support for Bitcoin since at least 2018. In August, he tweeted that “Bitcoin will unite a deeply divided country. (and finally: world). “
  • Dorsey left the social media giant last month to focus on fintech firm Block, formerly known as Square. During his tenure as Twitter CEO, the platform enabled bitcoin tipping and promised to incorporate NFT authentication.
  • Bitcoin price is currently hovering around $ 48,900 at press time.
  • Parag Agrawal, the new CEO of Twitter, was heavily involved in decentralized projects in the company.

UPDATE (December 21, 08:53 UTC): Adds additional details in the third and fourth bullet points. Adds the Bitcoin price in the fifth bullet point.

Read More: Five Things You Should Know About Twitter’s New CEO Parag Agrawal

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