Yahoo Finance Twitter CEO Jack Dorsey has been buying $10,000 worth of Bitcoin per week
Jack Dorsey, founder of social media giant Twitter and mobile payments venture Square, has been discussing his plans for the latter’s team of crypto developers and designers, who will work on open source contributions to the ecosystem. #BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin! Introducing @SqCrypto. Why? — jack 🌍🌏🌎 (@jack) March 20, 2019 “Just from a business perspective, we don’t look like an internet company today. An internet company can launch something and it’s available around the world,” he told The Next Web.”Whereas with payments, you have to go
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Twitter CEO Jack Dorsey has revealed that he has been exceeding his weekly buy limit for Bitcoin, purchasing $10,000 worth of the cryptocurrency every week.
Dorsey recently appeared on the Tales from the Crypt podcast hosted by Marty Bent.
During the interview, he revealed to Bent that he has been maxing out his Bitcoin weekly buy limit.
Tales from the Crypt fans have been purchasing an average of $25 worth of Bitcoin each week as part of the social media movement #StackingSats (Satoshis), which is encouraging the community to build their crypto holdings during the bear market.
Dorsey stated he would have joined in except he had “already exceeded” his limit on the Cash app.
According to Twitter user @girevik, the weekly Bitcoin purchase limit on the Cash app is $10,000.
TIL @jack is maxing out the weekly $10k BTC buy limit. I guess smart money has been loading up on cheap BTC all along. https://t.co/zs1R04zn45
— girevik (@girevik_) March 4, 2019
Dorsey has been making headlines in the crypto space recently.
Last month, he appeared on the Joe Rogan podcast and stated: “I believe the internet will have a native currency and I don’t know if it’s Bitcoin. I think it will be [Bitcoin] given all the tests it has been through and the principles behind it.”
Dorsey is an advocate of Bitcoin and recently got involved in the recent Lightning torch experiment. Upon receiving the torch, he sent it to Elizabeth Stark, CEO at Lightning Labs.
Interested in reading more about Jack Dorsey’s involvement with crypto? Discover more about the contradicting opinions surrounding the Twitter CEO.
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