Jack Dorsey Says Bitcoin Will Replace The Dollar; Slams Web3

Jack Dorsey made headlines not too long ago when he stepped down as Twitter CEO.

“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement.

Another important issue that’s worth mentioning is the fact that Agrawal, who’s served as CTO since 2017, has been with Twitter for more than a decade.

Dorsey praises Bitcoin

Now, he made some pretty exciting affirmations about Bitcoin and Web3 and you can check out what happened below.

When Cardi B asked online if crypto will replace the US dollar, Dorsey hopped in the comments and said this:

As Fortune publication notes, Dorsey is one of Bitcoin’s biggest cheerleaders, saying earlier this year at the Bitcoin 2021 conference in Miami that the crypto “changes everything” for him.

He also said the following:

“I don’t think there’s anything more important in my lifetime to work on, and I don’t think there’s anything more enabling for people around the world.”

Block (formerly Square), where Dorsey is still CEO, has invested heavily in Bitcoin.

As fortune notes, an October report in Bitcoin Magazine said the company held nearly 8,027 Bitcoins. That would put the current worth of those holdings at $390 million.

He also made sure to make a point about Web3 as well and you can check out his tweet below.

Elon Musk jumped in, tweeting, “Has anyone seen web3? I can’t find it.” “It’s somewhere between a and z,” Dorsey replied in the comments.

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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.
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