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3 Reasons Jack Dorsey Believes In A Bitcoin Revival
Jack Dorsey, the billionaire co-founder of Twitter and Square, is at least consistent in his support for Bitcoin. He has remained unwavering in his belief, surely earning him the title of ‘Bitcoin evangelist’.
It is hard to dismiss Dorsey’s view given that he is a successful entrepreneur, and his support for the leading cryptocurrency is music to the ears of those who share his views, but don’t have the public profile to share them with such a vast audience.
Recently Dorsey participated in a podcast, imaginatively called, “Tales from the Crypt” (perhaps they are also Edgar Allan Poe fans as it sounds like the title of one of his stories), where he talked about buying Bitcoin.
He revealed that he “maximizes the $10,000 Bitcoin purchase limit on Square Cash to acquire the leading cryptocurrency.” Square, in case you are unaware of it, is a payments platform with a Cash App that enables people to send money to others almost instantly. It has a merchant payment system as well and as it says on its website is, “We’re empowering the electrician to send invoices, setting up the food truck with a delivery option, helping the clothing boutique pay its employees, and giving the coffee chain capital for a second, third, and fourth location.”
What will fuel Bitcoin growth?
Since 1st March, Bitcoin has been showing growth, and another supporter of the cryptocurrency, Brian Kelly, CEO of BKCM, said he believed, “the so-called crypto winter is approaching its last phase and is slowing thawing.” Since he said this, within a week, the Bitcoin price rebounded to over $3,900 as the cryptocurrency market added $6 billion to its valuation.
https://www.zerohedge.com/news/2019-03-12/3-reasons-jack-dorsey-believes-bitcoin-revival
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