

Dorsey stated in March 2019 that he invests several thousand dollars per week on Bitcoin.

Despite the fact that the crypto market plummeted in 2018, Dorsey remained undeterred, describing Bitcoin as the “next world currency,” notwithstanding the digital currency’s lowest point in many years. His passion for BTC began in 2017 when he began campaigning for the king coin. The CEO of Twitter and Square, Jack Dorsey, is a fervent Bitcoin supporter. In addition, he stated that his firm purchased $1.5 billion in Bitcoin, which equals 7.7% of Tesla’s overall cash position and around 15% of its net cash position. All hell burst loose in January 2021 when he added “#Bitcoin” to his Twitter account, causing BTC’s price to skyrocket by 25%. At the very same time, he is the most powerful figure in the Bitcoin industry. Nonetheless, some celebs thought it was worth it and invested in it, and it was undoubtedly a wise decision.ĭespite frequently mocking Bitcoin on Twitter, Tesla’s Techno king is possibly the most prominent figure in the Bitcoin community. It was more popular among programmers, who became billionaires once it surpassed the 60,000 USD mark. Engineers, developers, and entrepreneurs were the only ones who invested in them in the past.įew people expected Bitcoin to become what it is now when it was initially released. Cryptocurrencies, on the other hand, began to acquire momentum as their reputation expanded with time.

Because of their nature, many individuals found it difficult to grasp them at first, much less even invest in them. Most people were unfamiliar with cryptocurrency when it was in its infancy.
