Twitter CEO Jack Dorsey says Bitcoin is crucial to the future of cryptocurrencies. He asserted that bitcoin will be a “big part” of Twitter in the coming days. Jack hinted that Twitter’s products would undergo shape-shifting changes with Bitcoin integration.
“I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it,” he explained.
He also said that Twitter was committed to decentralizing social media and that Bitcoin can be an important component of that decentralization process. Earlier last week, he also said that they have been working on a Bitcoin-based Defi solution.
Dorsey also noted that Twitter is not alone in adopting Bitcoin and working towards the decentralization of social media. “There’s an obvious need for this and appreciation for it. And I think that an open standard that’s native to the internet is the right way to go, which is why my focus and our focus eventually will be on Bitcoin.”
Along with Elon Musk, Jack Dorsey has been a strong proponent of Bitcoin and decentralized cryptocurrencies. Earlier, he also announced big funds for research and development associated with Bitcoin and cryptocurrencies.
The news is significant and the effect is evident in the market. All top tokens are green and have gained up to 10% in the past 24 hours. Bitcoin is once again exchanging ownership above the $32,000 mark.