Crypto advocate and enthusiast Jack Dorsey believes that bitcoin replace US dollars. Recently Dorsey responded to famous American rapper Cardi B on her tweeter account about the crypto. He replied that he firmly believes that bitcoin will take the place of US dollars.
Crypto Enthusiast Says Bitcoin Replace The US Dollar:
The former CEO of the social media giant, Jack Dorsey, had a tweeter exchange with American superstar Cardi B. Where she tweeted a question about crypto’s future, and then he replied, to her question, that Bitcoin would replace the US dollar. Once again, it shows his strong support for the most significant cryptocurrency.
Cardi B’s tweet caught high engagement of around 37,000 likes and 5300 comments on her tweet. Also, the famous meme account @litquidity responded with, “The Yuan Will Replace The Dollar Before Crypto.”
Reaction Over Dorsey Prediction That Bitcoin Replace the Dollars
However, after Dorsey’s tweet, he received many criticisms from anti-crypto individuals.
Recently Dorsey upgraded the name of his Square Inc to Block. It plans to develop a bitcoin-inspired financial services business by a new division called TBD, which has been on a hiring spree and achieved a following in million on tweeter.
Also, before this, Square said that they were building a hardware crypto wallet and software service “to make bitcoin custody mainstream.” Further, the company clearly stated that they want the crypto to be the native currency of the internet.”
In June, he said he would leave both tweeter and Square if bitcoin needed him. We have a complete news article about Dorsey’s resignation from his post of CEO.
Moreover, on Monday, Dorsey expressed his disapproval of venture capital influence on Web3. According to crypto advocates, web3 is a decentralized form of the internet. That provides users more ownership that ends up stripping power big corporations.
What is Web3:
The Crypto community uses this word to describe it as the next generation of the internet.
Further, on this debate, he said crypto owners don’t own the web3. He hinted that this so-called decentralized is under the control of venture capitalists.
However, this criticism debate appears limited to just the successor to Web2- And for bitcoin Dorsey thinks :
“Wall Street can not and never will be able to control the ruling cryptocurrency.”
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