Key Takeaways:
- Jack Dorsey announced his departure from Twitter, the company he founded 16 years ago
- A prominent Bitcoin proponent, Jack Dorsey could be pivoting to the crypto industry
Bitcoin Evangelist Jack Dorsey Exits Twitter
Bitcoin advocate and a strong believer in crypto, Jack Dorsey, announced Monday he is leaving his own company Twitter. After 16 years at the helm of the social media, Mr. Dorsey called it quits and telegraphed his message, you guessed it, on Twitter. “This was my decision and I own it,” Jack Dorsey said. “It was a tough one for me, of course. I love this service and company…and all of you so much. I’m really sad…yet really happy.”
He concluded his goodbye letter with the firm belief that this decision would prove to be the “right move.”
Jack Dorsey Rotating to Full Time Crypto?
To get into specifics, Jack Dorsey is expected to direct his time and focus to his other company, Square. Meanwhile, he will remain on the Twitter board of advisors. At Square, a digital payments company, Mr. Dorsey would be taking care of several crypto-focused activities.
First, Square, which holds bitcoin on its balance sheet, is currently undergoing major updates to make the platform more crypto-friendly.
Second, and more important, Square is at the heart of all Bitcoin-centered investments and developments planned by Jack Dorsey. With this in mind, Square is creating a range of Bitcoin services and products.
Looking Ahead to See Dorsey’s Next Move
To this end, crypto circles speculate that Jack Dorsey might be pivoting to the world of cryptocurrency. Further, many expect Mr. Dorsey, a Bitcoin maxi (a term indicating a belief in Bitcoin only), to soon reveal the grand vision he is setting out to chase. In the meantime, while crypto communities await Jack Dorsey’s next move, be sure to check our guide on buying bitcoin. In it, you will learn the basic steps to get yourself a piece of the crypto pie and become an investor.