Jack Dorsey Buying Bitcoin

Jack dorsey the chief executive of social media giant twitter has taken his crypto evangelism to the social networking site once more as he has advocated for the asset s inclusion in an.

Jack dorsey buying bitcoin. He stated that he is still maxing out his bitcoin buys on cash app a subsidiary of dorsey s own payments provider square which has a 10 000 weekly limit. Recall some days ago square inc. According to square the premium cryptocurrency was an instrument of economic empowerment and paved a way for everybody to participate in a global monetary system. Payment company square is now the latest publicly listed firm to invest directly in bitcoin following microstrategy s 425 million bitcoin acquisition back in september.

Jack dorsey has been a great advocate of bitcoin and one of its most visible champions. Sq led by twitter s jack dorsey on october 8th disclosed that it purchased 4 709 bitcoins at an estimated worth of 50 million. The price of bitcoin crashed following its peak in december 2017 but has steadied since the start of 2019. The bitcoin price has however climbed this year largely due to interest in bitcoin and crypto from technology giants including jack dorsey s social network twitter and iphone maker apple.

Twitter boss jack dorsey buying 10 000 in bitcoin each week. Jack dorsey is one of the best known advocates of bitcoin the ceo of twitter and the payment company square has in the past often openly expressed his positive stance towards cryptocurrency and bitcoin in particular. Jack dorsey s square announces 50m bitcoin purchase reading time. 2 minutes by anthonia isichei on october 8 2020 bitcoin u s.

Through its implementation in square s cash app he has created one of the simplest ways to buy and hold bitcoin. Today twitter ceo and tech billionaire jack dorsey said that he is still buying 10 000 worth of bitcoin a week. Jack dorsey led payment business square announced today that it has purchased 4 709 bitcoins worth 50 million at the time of writing. Dorsey is good for bitcoin.

The bitcoin and cryptocurrency community was yesterday set alight by news payments company square led by twitter chief executive and outspoken bitcoin advocate jack dorsey had bought 50 million. The firm claimed that this move would empower and enrich.