However regardless of Twitter releasing 140 NFTs on Ethereum — the inspiration for the second most-valued cryptocurrency after Bitcoin (BTC) — Dorsey apparently stays loyal solely to Bitcoin.
Following the NFT information, Twitter consumer Packanimal urged that it was “solely a matter of time earlier than” Dorsey invested in Ether, to which the CEO merely replied “No.”
— jack (@jack) June 30, 2021
The crypto group subsequently reacted to Dorsey’s two-letter tackle Ether, with Cinneamhaim Ventures’ Adam Cochran criticizing the Twitter CEO for “nonetheless being a BTC maxi” whereas Twitter “prints Ethereum-based NFTs on Rarible.” “With this stage of psychological gymnastics I’m stunned he received’t be representing the US on the 2021 Olympics in Tokyo this yr,” 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 solely have bitcoin.” On the Bitcoin 2021 convention in early June, he said, “Bitcoin modifications completely every thing. […] I don’t assume there’s something extra enabling for folks around the globe.”
An early Bitcoin believer, Dorsey has repeatedly argued that Bitcoin will be the single currency of the internet 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 a few of the greatest 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 grow to be the “greatest cryptocurrency in the future.”