Twitter CEO Jack Dorsey Celebrates Bitcoin Birthday

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Last Updated on 23 March 2021 by CryptoTips.eu

Jeroen Kok

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Twitter and Square CEO Jack Dorsey sent multiple mentions of the Bitcoin birthday to his 5 million followers yesterday. The Silicon Valley resident has always been a great fan of all things crypto and especially Bitcoin, whose whitepaper he once described as poetry.

During a forum in September last year, he described Bitcoin as a trusted system, saying:

The whole spirit of Bitcoin, for instance, is to provide a trusted system in a distrusted environment, which is the internet. Blockchain and Bitcoin point to a future, and point to a world, where content exists forever, where it’s permanent, where it doesn’t go away, where it exists forever on every single node that’s connected to it.

Advertentie.

Second bailout for banks

Now, as his new company Square invested directly in Bitcoin, he retweeted the original code that the cryptographer sent out 12 years ago, including the now infamous phrase:

The Times: Chancellor on brink of second bailout for banks.

The genesis block of Bitcoin, which was the first to be mined, came with a reward of 50 Bitcoins, which would mean a $1,5 million valuation at around today’s price.

It is believed that the fact that central banks were able to print as much money as they deemed fit and thus decide to save bankers and turn the population poorer at the same time was what prompted Satoshi to write the whitepaper and develop the best known cryptocurrency.

Dorsey has been a busy bee in these past few days touting Bitcoin (for which he had a bit more time than usual as he’s doing a four day fast in order to attain a state of ketosis). He retweeted multiple messages celebrating the currency’s birthday and even mentioning a possible risk of regulation to come in 2021.

One of the more remarkable ones included 11 simple security tips to protect your Bitcoins. Knowing that his site was used in 2020 to perform the now infamous Bitcoin Twitter hack, that is probably a good read.

grejak / Depositphotos.com