Wednesday, October 20, 2021
HomeNewsTwitter CEO Jack Dorsey keeps saying ‘no’ to Ethereum

Twitter CEO Jack Dorsey keeps saying ‘no’ to Ethereum

[ad_1]

Twitter CEO Jack Dorsey has once more rejected the concept of him shopping for into Ether (ETH) regardless of the social media platform’s actions with Ethereum-based nonfungible tokens (NFT).

On Wednesday, the social media platform introduced a giveaway by means of Rarible, a significant NFT platform using the Ethereum blockchain community for minting digital collectible tokens.

However regardless of Twitter releasing 140 NFTs on Ethereum — the inspiration for the second most-valued cryptocurrency after Bitcoin (BTC) — Dorsey apparently stays loyal completely to Bitcoin.

Following the NFT information, Twitter consumer Packanimal prompt that it was “solely a matter of time earlier than” Dorsey invested in Ether, to which the CEO merely replied “No.”

The crypto group subsequently reacted to Dorsey’s two-letter tackle Ether, with Cinneamhaim Ventures’ Adam Cochran criticizing the Twitter CEO for “nonetheless being a BTC maxi” whereas Twitter “prints Ethereum-based NFTs on Rarible.” “With this stage of psychological gymnastics I’m stunned he received’t be representing the US on the 2021 Olympics in Tokyo this 12 months,” Cochran added.

Dorsey, who’s additionally a co-founder and CEO of crypto-friendly digital funds agency Sq., beforehand expressed his loyalty to Bitcoin alone, stating in a 2019 tweet, “I solely have bitcoin.” On the Bitcoin 2021 convention in early June, he stated, “Bitcoin adjustments completely the whole lot. […] I don’t assume there’s something extra enabling for folks world wide.” 

Associated: Michael Saylor isn’t just a Bitcoin maximalist: ‘There’s a spot for everyone’

An early Bitcoin believer, Dorsey has repeatedly argued that Bitcoin would be the single foreign money of the web since not less than 2018. He beforehand rejected shifting into altcoins like Ether, claiming that he invested solely in Bitcoin in 2019.

Dorsey’s remarks come as a number of the greatest Bitcoiners admit that Ether might finally flip Bitcoin because the world’s largest cryptocurrency. Mike Novogratz, founder and CEO of crypto funding agency Galaxy Digital, predicted Thursday that Ether might turn into the “greatest cryptocurrency sooner or later.”