INSUBCONTINENT EXCLUSIVE:
Recently, Mr Dorsey launched a $23.6 million bitcoin fund with Jay ZBitcoin is bitcoin (and that's all it needs to be), Jack Dorsey,
co-founder and CEO of Twitter, and the founder and CEO of Square, a financial payments company, said in a succinct and rather prescient
Jack Dorsey has been a staunch bitcoin advocate for years, emphasizing that Bitcoin will be the single currency of the internet."Bitcoin
reminds him of the early days of the internet," the Twitter CEO has said in the past.Bitcoin would be a "big part" of the company's
future, the Twitter CEO said at the second-quarter earnings call, while outlining the digital currency's potential to transform Twitter
Referring to Bitcoin as a native currency of the internet, Mr Dorsey has highlighted the immense opportunities to integrate the
cryptocurrency with existing Twitter products and services such as commerce, subscriptions and other new additions such as the Twitter Tip
Jar and Super Follows.As if to prove that his optimism about bitcoin is not merely academic, Jack Dorsey's financial services company
Square first invested in the cryptocurrency in October and added bitcoin worth over $170 million in February this year.More recently, Mr
Dorsey launched a $23.6 million bitcoin fund with Jay Z
And Square has acquired a majority stake in Jay-Z's TIDAL music service, which could well mark a paradigm shift in the music industry as
cryptocurrencies change the music industry as we know it
And just last Friday, Mr Dorsey announced that Square is looking at introducing a hardware wallet for bitcoin.In the words of Mr Dorsey,
Twitter.Cryptocurrencies have been in circulation for around a decade now
Bitcoin is considered as the world's oldest and the most popular digital coin
common usage are ethereum (ETH), tether (USDT) and cardano (ADA)
But the rapid rise in in the past one year have attracted immense investor traction towards cyyptocurrencies, transforming them into popular
investment destinations now
In fact, bitcoin broke above the $40,000 mark on July 28 and seems poised to head to higher levels.Elon Musk, tech tycoon and founder of
pioneering companies such as SpaceX, Tesla, Boring Company, Neuralink and OpenAI has also been a prominent supporter of Bitcoin
He, however, later moved to Dogecoin due to environmental concerns surrounding bitcoin mining
