Bitcoin advocate Jack Dorsey turned down ETH and stayed loyal to Bitcoin, despite using it for Twitter’s own NFT collection, as we can see more in his latest Ethereum news.
Twitter CEO and Bitcoin advocate Jack Dorsey has made it clear that he will not invest in Ethereum as he is only loyal to Bitcoin. Twitter CEO Jack Dorsey has shown his loyalty to BTC by lowering the price of Ethereum despite his company looking for more value in the second largest cryptocurrency in the market. Twitter has discontinued its own collection of NFTs, which are the only digital tokens created over the Ethereum network that can represent anything online, such as audio or video content and even art. The 140 NFTs posted on Twitter today are moving images of the company logo, and the social media platform says it will be giving them away for free, but users can sell them on the NFT-based marketplace. ETH Rarible.
Jack remains a BTC supporter for the time being @Twitter NFT based on Ethereum print on @rariblecom.
Given this intellectual fitness, I’m surprised that he won’t represent the USA at the 2021 Olympic Games in Tokyo this year … https://t.co/l1amwckP6n
– Adam Cochran (@adamscochran) June 30, 2021
Despite the token release, Dorsey proudly says as a BTC maximalist that he will not personally invest in Ethereum, Dorsey simply replied “no”. The CEO’s contrary thinking hasn’t been lost on Twitter. Observers such as Adam Cochran, a partner in venture capital firm Cinneamhain Ventures, said:
“With this level of intellectual fitness, I’m surprised that he won’t represent the United States at the 2021 Olympic Games in Tokyo this year. “
Dorsey said during the Bitcoin conference that all other coins are completely unaffected by this and continue to intend to make Bitcoin a local currency for the internet. However, he sold his first tweet as an NFT for $ 2.9 million in Ethereum. The CEO also runs Square, a digital payments company that spent $ 220 million on BTC in 2020, suggesting ways to leverage blockchain and improve its business.
I was talking nonsense @Jack was a maxi in the past but I think since the following @udiWertheimer and @ jebus911 He investigates further. It’s only a matter of time before he buys $ eth https://t.co/8IXMaB9y3I
– packanimal.Ξ (@packanimalETH) June 30, 2021
Earlier this week, Dorsey said Square, in which Jay Z has a controlling stake in Tidal, is considering the idea of bringing NFT into the music industry:
“The spirit of what the NFT is about, the spirit of just looking critically at how artists are rewarded and proving it, is something we want to spend a lot of time on and focus on the future.”
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