Bitcoin advocate Jack Dorsey dissed ETH, staying loyal to Bitcoin despite using it for Twitter’s own collection of NFTs as we can see more in our latest Ethereum news.
Twitter CEO and Bitcoin advocate Jack Dorsey made it clear that he will not invest in Ethereum as he remains loyal to Bitcoin only. Twitter CEO Jack Dorsey showed his loyalty to BTC by slating ethereum despite his own company finding more value in the market’s second-biggest cryptocurrency. Twitter dropped its own collection of NFTs which are unique digital tokens that were created via the Ethereum network that can represent about anything online like audio or video content and even art. The 140 Twitter NFTs released today represent moving images of the company’s logo and the social media platform said it will give them away for free but the users can put them for sale on the ETH-based NFT marketplace Rarible.
With this level of mental gymnastics I’m surprised he won’t be representing the US at the 2021 Olympics in Tokyo this year… https://t.co/l1amwckP6n
— Adam Cochran (@adamscochran) June 30, 2021
Despite the release of the tokens, Dorsey as a proud BTC maximalist said he will not be investing in ethereum personally, Following the news of the Twitter NFTs as a self-described developer and investor named “packanimalETH” tweeted that it was only a matter of time when Dorsey invests in Ethereum but Dorsey simply answered with “no.” The contradictory thinking of the CEO wasn’t lost on the Twitter observers like Adam Cochran who is a partner at venture capital company Cinneamhain Ventures and said:
“With this level of mental gymnastics I’m surprised he won’t be representing the US at the 2021 Olympics in Tokyo this year. “
Dorsey said during the Bitcoin conference that all of the other coins don’t factor in it at all and remained intent on making Bitcoin a native currency for the internet. However, he sold his first-ever tweet as an NFT for $2.9 million in Ethereum. The CEO runs Square as well which is a digital payments company that spent $220 million on BTC in 2020 and hinted at ways to use blockchain and improve the business.
I’ve talked shit about @jack being a maxi in the past but I think ever since following @udiWertheimer and @jebus911 he’s looking into more. Only a matter of time before he buys in to $eth https://t.co/8IXMaB9y3I
— packanimal.Ξ (@packanimalETH) June 30, 2021
Earlier this week, Dorsey said that Square where Jay Z has a majority stake with Tidal, was considering the idea of bringing NFTs to the music industry:
“The spirit of what NFTs represent, the spirit of just looking critically at how artists are compensated, and of proving that, is something that we want to spend a lot of time and a lot of our focus on going forward.”
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