Connect with us

Blockchain

Twitter CEO Hints at Investing USD 10,000 Per Week in Bitcoin

Saad Ullah

Published

on

Twitter’s CEO has hinted at investing USD 10,000 per week in Bitcoin.

Weekly Bitcoin Limit

In a podcast on 4th March Twitter CEO Jack Dorsey discussed on how he started to investigate and use Bitcoin initially. He further pointed out how he sees the world’s largest cryptocurrency and Twitter on the same page. Dorsey also said that he was following Bitcoin trends on Twitter. The one that caught his eye was “Stack Sat Saturday”, a campaign where users buy USD 25 worth of Bitcoin every week. The main point of the campaign is to show solidarity with the cryptocurrency.

Jack said he was interested, but according to him, “I would have participated but I have already exceeded my limit on CashApp. I can’t purchase anymore

Though he did not disclose the exact amount, Dorsey’s statement points to him using USD 10,000 for purchasing Bitcoin. Mobile payment Square’s CashApp allows users to buy Bitcoin, but has a weekly cap of USD 10,000. Dorsey is also the CEO of Square.

Another thing that is revealed from this fact is that although he might have used up his entire weekly limit, this just hints at him buying Bitcoin through CashApp only. He may be buying more from other sources.

Internet’s Currency

Dorsey is known for his bullish and pro views on Bitcoin. In a previous interview, Dorsey had said, Bitcoin “was something that was born on the internet, that was developed on the internet, that was tested on the internet…It is of the internet”. He has time and again, insisted that Bitcoin would one day become the de facto currency online. Such is his belief in the cryptocurrency that he revealed in February that he only holds Bitcoin.

He is not the only big company CEO who has a religious level belief in the power of cryptocurrencies. Recently, CEO of Kaspersky, Eugene Kaspersky said he believes that in around a century, the world will be united under a global government, utilizing a single digital currency.

His prediction does not, however, rest on Bitcoin. According to him, “cryptocurrencies are a great idea, but the world is not ready for them yet.

Continue Reading
Comments
Blockchain5 hours ago

Shipping Giant UPS to Facilitate B2B Sales with Blockchain

Blockchain9 hours ago

BMW And Intel Partner With Singapore Government for Blockchain Accelerator

Blockchain1 day ago

An In-depth Look at Blockchain Technology

Blockchain3 days ago

Facebook Aggressively Expanding Crypto Team, Looking for Crypto Lawyer

Press Release4 days ago

Machi X Officially Launches Social Marketplace for Intellectual Property Beta

Twitter Square
Blockchain5 days ago

Payment Processer Square Wants Blockchain Engineers on Staff. Will Pay in Bitcoin

Cryptocurrency6 days ago

AlibabaCoin Finally Taken By China’s Alibaba Group

Blockchain6 days ago

“Partnership Instead of Competition” JP Morgan Chase Executive on Cryptos and Fiat

Card
Blockchain1 week ago

VISA Seeks Blockchain Product Manager

Blockchain1 week ago

Bank of Mexico Confounds Crypto Industry With New Rule

Blockchain1 week ago

Western Union Experiments with Ripple, Considers Adopting

Blockchain1 week ago

“Worlds First Full-stack Cryptocurrency Ecosystem” Announced by Nasdaq

Blockchain2 weeks ago

U.S. Republican Leader Wants Blockchain for Government Transparency

Blockchain2 weeks ago

Is New York Times Planning a Blockchain Publishing?

Blockchain2 weeks ago

Major UK Energy Producer OVO Backs Blockchain Energy Tech Company

Blockchain2 weeks ago

IBM to Develop Blockchain Solutions for Credit Union Service Organization

Blockchain2 weeks ago

European Union Wants Interoperability in Blockchain

Blockchain2 weeks ago

U.S. Sea Food Giant, Bumble Bee Joins Hands With SAP for Blockchain Traceability of Food

Blockchain2 weeks ago

More Blockchain Openings At Facebook, Now At 20

Blockchain3 weeks ago

UNICEF to Provide Internet to Schools in Kyrgyzstan Through Blockchain

Like us on Facebook

The Trending Posts

Pin It on Pinterest

Share This