Jack Dorsey Square is weighing in on building a hardware wallet for bitcoin. (Image credit: Reuters)
Dorsey is also expressing his criticism of Web3, a term used to refer to a version of the Internet that is decentralized.
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Founder and former CEO of Twitter jack dorsey believe that Bitcoin will replace the US dollar. In a Twitter exchange with pop artist Cardi B, Dorsey said that he believes bitcoin will replace the US dollar. Cardi B, on that Twitter People were asked if crypto would replace American currency, to which Dorsey replied, “Yes, bitcoin will.” Dorsey is now the head of Block (formerly Square Inc.), a payments and financial services company he founded in 2009.
Cardi B and Jack Dorsey’s conversation about cryptocurrencies replacing the US dollar gained much of the expected attention on social media platforms. Dogecoin co-founder Billy Marcus posted a meme in response to how Dogecoin is more stable than the US dollar. Ahead, Bitcoin Investor Dennis Porter pointed out that “such conversations were virtually inevitable.”
After stepping down as Twitter’s CEO, Jack Dorsey was reportedly planning to pursue his passion, including running Block (then Square Inc.) and doing more philanthropic work, according to a source familiar with his plans. Focusing included.
Dorsey is also expressing his criticism of Web3, a term used to refer to a version of the Internet that is decentralized. Most recently, Dorsey took a dig at the venture capitalist firms joining Web3 along with Tesla and SpaceX CEO Elon Musk. Musk tweeted on Tuesday, ‘Has anyone seen web3? I can’t find it.” To this former Twitter top boss Dorsey replied, “It’s somewhere between an A and a Z.”
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