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Twitter CEO Jack Dorsey keeps saying ‘no’ to Ethereum



Twitter CEO Jack Dorsey has once more rejected the concept of him shopping for into Ether (ETH) regardless of the social media platform’s actions with Ethereum-based nonfungible tokens (NFT).

On Wednesday, the social media platform introduced a giveaway by Rarible, a serious NFT platform using the Ethereum blockchain community for minting digital collectible tokens.

However regardless of Twitter releasing 140 NFTs on Ethereum — the inspiration for the second most-valued cryptocurrency after Bitcoin (BTC) — Dorsey apparently stays loyal completely to Bitcoin.

Following the NFT information, Twitter person Packanimal prompt that it was “only a matter of time before” Dorsey invested in Ether, to which the CEO merely replied “No.”


— jack (@jack) June 30, 2021

The crypto neighborhood subsequently reacted to Dorsey’s two-letter tackle Ether, with Cinneamhaim Ventures’ Adam Cochran criticizing the Twitter CEO for “still being a BTC maxi” whereas Twitter “prints Ethereum-based NFTs on Rarible.” “With this level of mental gymnastics I’m surprised he won’t be representing the US at the 2021 Olympics in Tokyo this year,” Cochran added.

Dorsey, who’s additionally a co-founder and CEO of crypto-friendly digital funds agency Sq., beforehand expressed his loyalty to Bitcoin alone, stating in a 2019 tweet, “I only have bitcoin.” On the Bitcoin 2021 convention in early June, he stated, “Bitcoin changes absolutely everything. […] I don’t think there is anything more enabling for people around the world.” 

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An early Bitcoin believer, Dorsey has repeatedly argued that Bitcoin would be the single forex of the web since at the least 2018. He beforehand rejected transferring into altcoins like Ether, claiming that he invested solely in Bitcoin in 2019.

Dorsey’s remarks come as among the largest Bitcoiners admit that Ether may ultimately flip Bitcoin because the world’s largest cryptocurrency. Mike Novogratz, founder and CEO of crypto funding agency Galaxy Digital, predicted Thursday that Ether may turn out to be the “biggest cryptocurrency one day.”

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