‘Bitcoin will replace the US dollar’, says former Twitter CEO Jack Dorsey

Inside a recent Twitter exchange, with Grammy award-winning rapper Cardi B, former Twitter Chief executive officer Jack Dorsey stated on Tuesday that Bitcoin will switch the US dollar. Cardi B requested on Twitter if crypto would switch the US currency that Dorsey responded, “Yes, Bitcoin will.”

The Twitter interaction between Cardi B and also the tech millionaire about cryptocurrency replacing the dollar motivated massive reactions around the social networking platform. Dogecoin co-founder Billy Markus published a meme about how exactly Dogecoin is much more stable compared to US dollar. While Bitcoin investor Dennis Porter noticed that “such a discussion was really inevitable.”

Dorsey left Twitter recently to pay attention to fintech firm Block, formerly referred to as Square-making Parag Agrawal, the brand new Chief executive officer of Twitter, who’s now heavily involved with decentralised projects in the organization.

Earlier, in October, Dorsey stated that Block is searching to construct a bitcoin mining system according to custom plastic and free for people in addition to companies. This could increase Square’s existing bitcoin-focused projects together with a business to construct a wide open developer platform, in addition to a hardware wallet for that cryptocurrency.