Jack Dorsey remains loyal to Bitcoin - despite Twitter using Ethereum for NFTs
Twitter CEO Jack Dorsey has always been a Bitcoin maximalist and recently reiterated his stance by revealing he doesn’t intend to buy Ether (ETH) despite his company using the Ethereum blockchain to launch NFTs.
Dorsey won’t buy other coins. Not even ETH
Jack Dorsey is one of the most popular names in the tech and cryptocurrency world. However, the Twitter CEO is known to be fiercely loyal to Bitcoin as he doesn’t have that much confidence in other cryptocurrencies.Dorsey has always maintained that his focus and investments have been solely in Bitcoin. He reiterated this point yesterday after replying to a tweet that suggested he might be considering buying Ether.
The Twitter boss replied to the suggestion with a not-so-subtle NO, indicating that he doesn’t have any interest in buying other cryptocurrencies.
Twitter uses the Ethereum blockchain for NFTs
The suggestion that Dorsey might consider buying ETH could stem from Twitter’s use of the Ethereum blockchain to launch its own NFTs. Twitter released 140 NFTs today, stating that it would give them away for free, but the winners can sell them on the Ethereum-based NFT marketplace, Rarible.Dorsey sold his first-ever tweet as an NFT earlier this year, with the transaction paid for using Ethereum. However, he revealed that he immediately converted the Ether to Bitcoin before donating the money to charity.
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