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Bitcoin is the Only Crypto Asset for Twitter’s Jack Dorsey as He Uses BTC’s Lightning Network

A recent initiative was launched by a pseudonymous Twitter user, promoting the reach and functionality of the Lightning Network with an experiment called the “lightning torch.” Each person in the lineup is meant to send the accumulated amount to someone else that they think will pass on the BTC. One of the most recent recipients of the “torch” is Jack Dorsey of Twitter, which opened up many questions about Dorsey’s stance on the crypto asset and the industry in general.

Any time someone in the public eye proclaims their stance on pretty much anything, the public decides that they have the right to know as much as possible about that person and their opinions. As the torch was passed and the funds were moved from crypto podcast host Matt Odell to Dorsey, Dorsey tweeted, “Cool example of #BitcoinTwitter experimenting on the lightning network.”

The torch was passed to Lightning Labs CEO Elizabeth Stark, who heads up one of the companies that Dorsey invests in.

And then the questions rolled in. Dorsey has been clear about his support for blockchain technology in the past and has remarked positively about Bitcoin as well. At the ConsenSys conference last year, Dorsey even commented that he hopes it will eventually evolve into the internet’s “native currency.” However, don’t touch on how much Dorsey has in his wallet, because he will simply say “enough.”

Asked by another Twitter user “Thomson” what cryptocurrency he presently holds, he simply replied, “I only have Bitcoin.”

Upon being urged to elaborate, he added that the crypto asset is “resilient,” “principled,” “native to internet ideals,” and “a great brand.” Explaining further, Dorsey expressed that he is optimistic about Bitcoin’s potential to become a currency for the internet as a whole, which would reach billions of users and make the crypto industry boom.

However, it looks like consumers in favor of Bitcoin haven’t been able to tempt Dorsey with other cryptocurrencies. The thought of Ethereum simply received a “no” in reply, while a question about Dorsey’s view on the Tron (TRX) token led to a sarcastic reply, as he said he “love[s] the movie.” However, rather than tearing down or criticizing any other tokens as they were suggested, he states that he has no intention of holding any other coin in the future.

By the end of the evening, Dorsey’s replied eventually led him to agree to a Bitcoin podcast, hosted by Stephan Livera, with Stark tagging along. For anyone that wants to hear more on Dorsey’s opinions, keep an eye out for this podcast on Saturday at 1:00pm PST. Though there were invitations for others to do a podcast, there’s been nothing else scheduled on the actual thread.

Dorsey has a positive reputation amongst other crypto investors and entrepreneurs. Even Anthony Pompliano jumped into the conversation, saying, “Jack is one of the most underrated entrepreneurs of our time….and his portfolio matches mine, which makes me like him even more :)”

Dorsey is also a CEO for a payment app called Square. Previously, the platform tried to introduce Bitcoin in 2014, but failed, with Dorsey commenting that it just “wasn’t ready.” However, giving Bitcoin enthusiasts hope, he added that this could ultimately be introduced “in the near future.” One Twitter user followed up by asking is the concept of sending bitcoin via Twitter would ever come to be. He simply replied, “Can def imagine. We do have to pay attention to this and will have some answer at some point. Right now, we’re focused on health and information quality.”

The public has found answers to where Dorsey stands on cryptocurrency and Bitcoin, in particular. However, there’s much more to this entrepreneur, like his morning and evening meditations, and his preference for red wine.

Here were a couple more great tweets that Jack fired off:

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Krystle M

    Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

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