Twitter CEO Jack Dorsey Displays Bullish Stance with “Bitcoin” Bio
Twitter CEO and co-founder Jack Dorsey is a known Bitcoin bull, who has spoken up about Bitcoin and praised the world’s most popular cryptocurrency. This bullishness has been amplified a bit more, now that Dorsey replaced his Twitter bio with just one word – Bitcoin.
Investment consultant and podcast host Preston Pysh pointed out the development in a tweet. Pysh’s post not only points out Dorsey’s bullishness, but also seems to taunt Bitcoin critics. The tweet suggests that critics should think twice if Dorsey is this bullish and vocal about Bitcoin.
Jack Dorsey has one thing listed in his bio on twitter.— Preston Pysh (@PrestonPysh) April 23, 2020
So here’s the question for people that think BTC won’t work:
What the hell does this guy know about #Bitcoin that you don’t? pic.twitter.com/q6dug8A8Hn
Dorsey’s “Bitcoin” bio could add some steam to the growing anticipation of the Bitcoin halving. Only weeks away, the Bitcoin halving is easily the most anticipated event in the crypto community.
At the moment, miners on the network receive 12.5 Bitcoins per block. At the halving, this will reduce by 50% to 6.25 Bitcoins, causing a hard-coded scarcity of the asset. Normal market behavior suggests that the reduction in supply will drive prices high.
History also hints that the halving will spike prices. The upcoming halving is the third one ever, since Bitcoin’s inception. The first two halvings saw significant increases in Bitcoin’s value, a trend which the community expects would continue.
However, some believe that the halving is already priced in, and will do next to nothing for Bitcoin. Euro Pacific Capital Inc. CEO Peter Schiff has said that the halving risks a huge “sell the fact” because there will be no Bitcoin buyers after the halving.
Back in February, Twitter included a Bitcoin emoji on the platform, making it the first social media platform to do so. This inclusion serves as a strong win for Bitcoin, pointing to its growing popularity and adoption.