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Bitcoin Will Be a “Big Part” of Twitter’s Future According to CEO Jack Dorsey

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“Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD.”

– Jack Dorsey, CEO of Twitter.

During “The  Word” event hosted in mid-July, Twitter, and Square CEO Jack Dorsey, along with Tesla and SpaceX CEO Elon Musk, spoke at length about the future of Bitcoin (BTC) — commending the cryptocurrency and its potential for disrupting more than just monetary systems globally.

However, the two tech pioneers did more than demystify and destigmatize the various popular mainstream narratives about BTC — they also explained how institutions should approach and embrace it. Dorsey even went so far as to tout BTC as the quote-unquote “best candidate” to become the native currency of the internet – quite a bold statement, at the very least.

Additionally, the event sought to raise awareness on the areas of the network currently in greatest need of support. It remains clear, however, that the blockchain and cryptocurrency industry is sorely lacking in public education.

The  Word Bitcoin Conference

“The #bitcoin development community above all else. As more companies and institutions get into the mix, we all want to help protect and spread what makes #bitcoin open development (so) perfect. This day (is focused) on education and actions to do just that.”

– Jack Dorsey, Founder of Twitter.

Jack Dorsey has been a staunch bitcoin advocate for years, but how to put the cryptocurrency to work on the Twitter platform had not yet been spelled out. Despite this, Dorsey has often publicly touted the cryptocurrency, often saying it reminds him of the “early days of the internet” and that there was not “anything more important” in his life as far as his entrepreneurial endeavors have been concerned.

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