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.<\/p>\n
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.<\/p>\n
Not only has Dorsey recently made it clear that he has mountains of faith in the cryptocurrency, but has a significant financial stake too.<\/p>\n
In recent weeks, Dorsey has risen from a nobody in the Bitcoin community to part of its upper echelons. Here’s a bit about how he got here, and what he plans to do with his newfound fame in this portion of the Internet.<\/p>\n
It all began when the Missouri native took to the “Joe Rogan Experience,” but not even in the context of cryptocurrency. After discussion on a number of subjects, Rogan, who has expressed interest towards Bitcoin previously (he had Andreas Antonopoulos on a number of times), brought up Square’s crypto integration and Dorsey’s comments on how BTC is vying to be a ubiquitous currency<\/a>. Explaining that rationale behind this statement, the Twitter CEO proudly stated<\/a>:<\/p>\n \u201cThe Internet will have a single native currency, which will likely be Bitcoin. It is something that was born on the internet, that was developed on the internet, that was tested on the internet. It is of the internet.”<\/p><\/blockquote>\n Since that comment, Dorsey’s renewed involvement in this industry has snowballed, so to speak. Days after his Rogan appearance, he took to Twitter to publicly accept a Lightning Network transaction, picking up the so-called Trust Chain torch in a show of affection for the scaling solution. He noted<\/a> that the Trust Chain, a grassroots initiative focused on bolster Lightning’s levels of adoption, was a “cool example” of the second-layer protocol, which promotes low-cost, near-instant, secure, and private(ish) BTC transactions. Dorsey even bashed altcoins.<\/p>\n In true Twitter fashion, when a fan of Justin Sun\u2019s Tron questioned the technology entrepreneur about his thoughts on the project, the response was a knee-slapping \u201clove the movie.\u201d When asked about Bitcoin Cash, Dorsey chirped back with a simple, but powerful \u201chell no,\u201d sparking chants of \u201cone of us, one of us\u201d from the Bitcoiner crowd.<\/p>\n This led Dorsey temporarily down the crypto rabbit hole, appearing on Stephen Livera’s podcast to exclaim<\/a> that his San Francisco-based fintech company, Square, will be integrating the Lightning Network in some capacity in the near future.<\/p>\n In spite of all these comments, Dorsey didn’t make it clear to what extent his personal wealth was in cryptocurrency, claiming that he holds “enough” BTC. No more, no less. But, this changed in a recent interview, as he explained a bit about his accumulation strategy, but failed to divulge how he matches up against others on the Bitcoin investment ladder.<\/p>\n Dorsey recently took to the podcast of industry content creator Marty Bent, known as “Tales From The Crypt,” to give a 30-minute interview about his whole involvement in this potentially revolutionary business. Although Dorsey reiterated some of what he set in previous media interviews, the Twitter CEO exclusively divulged a bit about how he invests in cryptocurrencies.<\/p>\n TIL @jack<\/a> is maxing out the weekly $10k BTC buy limit. I guess smart money has been loading up on cheap BTC all along. https:\/\/t.co\/zs1R04zn45<\/a><\/p>\n — girevik (@girevik_) March 4, 2019<\/a><\/p><\/blockquote>\nHe’s Been Maxing Out Square’s $10,000 Weekly <\/strong>BTC Purchase Limit<\/strong><\/h2>\n
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