First mentioned: 21/07/2021
Last mentioned: 15/06/2023
Total mentions: 4
Most mentions: 2023
Jack Dorsey, an American internet entrepreneur, philanthropist, and programmer, played a pivotal role as the co-founder and former CEO of Twitter, Inc. Additionally, he is the co-founder, principal executive officer, and chairperson of Block, Inc. As of October 2023, Forbes approximated his net worth to be $3.1 billion.
Jack Dorsey on Bitcoin
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Block Inc. has revealed plans to integrate Cash App and Coinbase into Dorsey's upcoming BitKey wallet. As the launch of BitKey approaches, this strategic move aims to enhance the functionality and accessibility of the hardware wallet, providing users with seamless integration with two prominent platforms in the space. "Block (SQ) will integrate its new self-custody bitcoin wallet, BitKey, with its financial services platform Cash App and the cryptocurrency exchange Coinbase."
Dorsey generously contributed $10 million to the non-profit organization OpenSats. When questioned by Forbes about his aspirations for the donation, Dorsey responded in Morse code, revealing his thoughts on the matter. The decoded message follows: "That bitcoin becomes the native currency of the internet, and the internet gets a native protocol for social media."
During the 2022 Bitcoin Conference, Dorsey emphasized that Bitcoin holds a central role in his life. Following his participation in the event, he made the decision to step down from his position at Twitter, Inc. This move further underscores Dorsey's dedication to the world of Bitcoin and his commitment to advancing the adoption and understanding. "Bitcoin changes absolutely everything. I don't think there's anything more important in my lifetime to work on."
Dorsey contemplated the possibility of an internet-native currency and pinpointed Bitcoins driving force to its principles and resilience. Dorsey is not just captivated by the technology behind Bitcoin but the community reminiscent of the early Internet. "What really drove my thinking and drives my passion behind it is, if the internet has a chance to get a native currency, what would that be? To me, it's bitcoin because of those principles, because of its resilience. What inspires me the most [about bitcoin] is the community driving it. It reminds me of the early internet."
