Wednesday, October 27, 2021

Twitter CEO Jack Dorsey remains loyal to Bitcoin as he rejects the idea of buying ETH.

The Takeaway:

Twitter CEO Jack Dorsey has again rejected the idea of him buying into Ether despite the social media platform releasing 140 NFTs on the Ethereum blockchain.

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Twitter CEO Jack Dorsey has again rejected the idea of him buying into Ether despite the social media platform’s activities with Ethereum-based nonfungible tokens (NFTs). Twitter released 140 NFTs on the Ethereum blockchain. On Wednesday, the social media platform announced a giveaway through Rarible, a major NFT platform utilizing the Ethereum blockchain network for minting digital collectible tokens. 


 Dorse remains loyal exclusively to Bitcoin.

Despite Twitter releasing 140 NFTs on Ethereum — the foundation for the second most-valued cryptocurrency after Bitcoin — Dorsey apparently remains loyal exclusively to Bitcoin. Following the NFT news, Twitter user Packanimal suggested that it was “only a matter of time before” Dorsey invested in Ether, to which the CEO simply replied “No.” The crypto community reacted to Dorsey’s two-letter take on Ethereum, with Cinneanhaim Ventures’ Adam Cochran criticizing Twitter CEO for “still being a BTC maxi” while Twitter “prints Ethereum-based NFTs on Rarible.” “With this level of mental gymnastics, I’m surprised he won’t be representing the US at the 2021 Olympics in Tokyo this year,” Cochran tweeted.


Dorsey is a known bitcoin maximalist.

Jack Dorsey, who’s also a co-founder and CEO of crypto-friendly digital payments firm Square, previously expressed his loyalty to Bitcoin alone, stating in a 2019 tweet, “I only have Bitcoin.” At the Bitcoin 2021 conference in early June, he said that Bitcoin is probably the single most important thing to work on in his lifetime. “Bitcoin changes absolutely everything. […] I don’t think there is anything more enabling for people around the world,” he had noted. Earlier in February 2021, Dorsey also announced the launch of his own Bitcoin “node” software. This node helps him in validating transactions and blocks on the Bitcoin network.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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