• Home
  • News
  • Twitter's CEO buys $10k worth of Bitcoin every week!
05
Mar, 2019

Twitter's CEO buys $10k worth of Bitcoin every week!

On the matter of why he holds so much faith in the space, he centered his thoughts around the point that the Internet needs a currency, and BTC is the best bet as it stands.

 

Since hinting at his undying support for the crypto space in late-2017 and early-2018, Jack Dorsey has become somewhat of a mythical figure for Bitcoin holders the world over.

 

But after going radio silent on the matter of Bitcoin (BTC) for a handful of months, the chief executive of both Twitter and Square has recently begun to revisit this space. Funnily enough, the technology entrepreneur could be the individual (alongside Elon Musk) to wrest BTC out of its lull-esque state.

 

Twitter's CEO recently revealed he is buying $10,000 worth of Bitcoin which currently amounts to 2.7 BTC, each and every week. 

 

This is around $520,000 in cryptocurrency purchases a year. Although this isn’t a relatively large amount percentage-wise, it shows that Dorsey is looking to accumulate for the long haul, as he dollar-cost averages in.

 

On the matter of why he holds so much faith in the space, he centered his thoughts around the point that the Internet needs a currency, and BTC is the best bet as it stands.