Twitter founder Jack Dorsey has earned himself the title of ‘Bitcoin Evangelist’—such is his advocation for digital assets. His support of Bitcoin has been consistent and unwavering.
Dorsey, as a successful businessman, is hard to ignore. His support for the leading cryptocurrency spurs on Bitcoin bulls and those who love a strong voice supporting their views.
Jack Dorsey’s Square
The entrepreneur recently participated in a podcast called “Tales from the Crypt” where he spoke about buying Bitcoin.
Interestingly, he told how he “maximizes the $10,000 Bitcoin purchase limit on Square Cash to acquire the leading cryptocurrency.”
Square is a payments platform with a built-in cash app. This allows its users to send money to others in an instant.
With a merchant payment system embedded, it is also aimed at the everyday worker who has to send invoices, for example.
According to its website:
“We’re empowering the electrician to send invoices, setting up the food truck with a delivery option, helping the clothing boutique pay its employees, and giving the coffee chain capital for a second, third, and fourth location.”
The businessman believes platforms like Square are the future for cryptocurrency.
March has been an interesting month for Bitcoin. The top coin by market cap has been growing, and the entire cryptocurrency market has added $6 billion to its valuation. At the time of writing, Bitcoin is selling for $3,909. However, it nearly breached the $4,000 mark during the week. Bullish calls from Jack Dorsey and other prominent figures are helping to cause a lift.
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Earlier in the week, for example, Brian Kelly, CEO of BKCM, said he believed the “crypto winter” was ending. Since he spoke, Bitcoin price rebounded to over the $3,900 mark. He said further that Bitcoin is showing improvement:
“If you look at the number of addresses that have been created on the Bitcoin network, that’s up about 20 percent from the January lows, it’s apt highs at the levels we saw in the spring of 2018 when Bitcoin was well above $6,000. So fundamentally, you’re starting to see improvement.”
What do you think? Do the sentiments of successful businessmen such as Jack Dorsey encourage you to back crypto?
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