Crypto

Jack Dorsey Explains Why He Isn’t a Fan of Ethereum

Jack Dorsey

Jack Dorsey, a former CEO of Twitter, explained why he picked Bitcoin over Ethereum or other blockchain networks.

Today, Jack Dorsey was very active on Twitter, reiterating his trust in Bitcoin (BTC). He believes that people should concentrate on developing secure and resilient technology that is not controlled by individuals or groups.

The CEO of Square and former CEO of Twitter is one of the most popular Bitcoin proponents, having previously stated that if the major cryptocurrency was needed, he would leave both firms to work on it.

In the crypto world, his recent retirement from Twitter sparked such speculation, with some speculating that he intends to do just that.

Although Dorsey has yet to announce such plans, he has become more vocal about the asset in public.

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Dorsey responded to a tweet from a well-known Ethereum developer earlier today, urging him to consider working on other blockchain projects, such as ETH.

Dorsey, on the other hand, believes it is “essential” for people to focus their efforts on “really safe and robust technology” that is decentralized and not controlled by a few persons or institutions.

Dorsey reacted to a question from US artist Cardi B on whether cryptocurrencies will eventually replace the US dollar in another Twitter chat from today. While stating “yes,” Square’s CEO made it clear that only Bitcoin, not all digital assets, will be affected.

The Author

Samuel Adeshina

Samuel is a financial reporter whose interests include blockchain, market, business, insurance, and Crypto to provide relevant information to all interested.