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HomeCrypto NewsMarketEx Twitter CEO, Jack Dorsey Says Bitcoin Will Replace Dollar And Explains Why He Doesn't Support Ethereum

Ex Twitter CEO, Jack Dorsey Says Bitcoin Will Replace Dollar And Explains Why He Doesn’t Support Ethereum


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Jack Dorsey, the former CEO of Twitter has always focused on supporting the development and adoption of just Bitcoin (BTC).

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The former Twitter CEO predicted that Bitcoin will replace the U.S. dollar.

In response to a question from rapper Cardi B, who asked if he thought crypto will replace the dollar, Dorsey re-affirmed his support for the cryptocurrency by replying, “Yes, Bitcoin will”.

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Dorsey is highly committed to BTC, recently he also said he was ready to give up his CEO roles at Block and Twitter if he had to work on Bitcoin. “If I wasn’t on Square or Twitter, I would be working on Bitcoin. If it needed more help than Square and Twitter, I’d leave them for Bitcoin, ”


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On Tuesday he explained the reasons for not participating in other communities, such as Ethereum (ETH).

Dorsey, now focused solely on running Block previously called Square which is increasingly focused on helping accelerate Bitcoin adoption. His company has other divisions such as Cash App and Spiral BTC.

Cdixon a programmer and developer mentioned Jack in his tweet telling that he is a big fan of Jack and hope of seeing Jack working with Ethereum and other blockchains, pointing out the importance of their use cases. Jack responded that we need to focus on open projects like Bitcoin. After all, without it, there would be no ETH or other blockchains.

“It is critical that we focus our energy on truly secure and resilient technologies that belong to all people, not individuals or institutions.”


The response that could be seen as an attack on Ethereum and other projects turned out to be well received and made the developer, author of the tweet, to offer his help to Jack BTC’s mission.


Differences between Bitcoin and Ethereum

While Bitcoin was born from scratch, the founders of Ethereum held an ICO, selling coins that were pre-mined — and keeping a portion of them — so that the Ethereum Foundation had funds to honor salaries and other expenses. For that reason, some legislators classify Ethereum as security.

Bitcoin the first cryptocurrency ever launched miraculously jumped from zero to what it is today, on various metrics like price and adoption, it’s has become the biggest security against governments, giving people financial freedom.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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