At the Consensus event during New York’s Blockchain week, Jack Dorsey(Twitter and Square co-founder) once again had bullish comments about Bitkoin and cryptocurrency.
“The internet deserves a native currency; it will have a native currency. I don’t know if it’ll be Bitcoin or not, but “I hope it will be.”
Jack Dorsey’s Square – a payment service for merchants started to accept Bitcoin in 2016. Dorsey has always supported digital currencies and has made several public comments about it. Square has also introduced Bitcoin trading into its Cash app – an app for peer-to-peer money transfers.
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Square reported $34.1 million from selling Bitcoin in the first quarter of 2018. Square bought Bitcoin at $33.9 million which means Square only made about $200,000 in profit.
He also said at Consensus:
“This technology is a fundamental shift to our world and can have so many positive outcomes, We have to do the work to educate regulators and educate the SEC why this technology is important.”. The US Securities and Exchange Commission has been trying to figure out several methods it could use to regulate now popular Initial Coin Offerings as well as regulate cryptocurrency as a whole.
Figures like Jack Dorsey have been very influential in the cryptocurrency wave. As technology thought leaders, these figures have helped crypto go mainstream by accepting it on services they manage, even going against the advice of staff and business analysts.
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