Bitcoin Adoption: Jack Dorsey’s Cash App Brings BTC Logo To NASCAR
The mainstream adoption of Bitcoin and digital assets has been one of the most important goals that the crypto industry has set along the way.
There have been a lot of movements made in order to make this happen and they continued event in 2020 when we’re in the middle of a global crisis triggered by the pandemic.
Cash App brings Bitcoin to the race track
Now, it’s been revealed that the mobile payments platform Cash App is bringing the Bitcoin logo to the race track.
According to the reports coming from the online publication the Daily Hodl that the Bitcoin symbol will be displayed on the car and racing suit of NASCAR driver Darrell “Bubba” Wallace in the upcoming season.
It’s been also reported that on Twitter, Jack Dorsey, CEO of the social media giant and Square shared various designs of the Cash App-sponsored race car.
— jack (@jack) July 15, 2020
Jack Dorsey is a well-known supporter of Bitcoin. In the past, he tweeted a link to the Bitcoin white paper.
— jack (@jack) October 31, 2018
Bitcoin $100k forecast is changed
In other news, it’s been reported that the crypto analyst who predicted Bitcoin’s retracement back in 2019, updated his roadmap to BTC’s surge to $100,000 as the king coin is approaching the apex of a long term triangle.
Trader Dave the Wave recently said that Bitcoin is poised for a big move as the king coin shows signs of compression.
Momentum and volatility flat-lining as price coils within the business end of the triangle. A picture of diminishing returns/ price discovery if there ever was one, and based on what price is actually doing, not what it ‘ought’ to do.
Shaping up nicely for the move going forward pic.twitter.com/prrdi576XD
— dave the wave (@davthewave) July 15, 2020
At the moment of writing this article, Bitcoin is trading in the green and the coin is priced at $9,174.28.
Co-founder and CEO of Twitter and Square, Dorsey has been an advocate for Bitcoin since the early days. Having launched a crypto division of Square early this year (called Cash App - which helps newcomers buy Bitcoin), Dorsey is now making plans to lead the way to mass BTC adoption in Africa.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.