According to Twitter CEO, Jack Dorsey, Bitcoin will be a major component in Twitter’s future. Speaking to investors at the company’s earnings call for the 2021 second quarter, the CEO said Twitter’s future will have Bitcoin as a “big part.”
Dorsey says that Twitter is interested in the decentralization of social media and the provision of additional economic incentives. He also described Bitcoin as the internet’s native currency, adding that the world’s largest cryptocurrency is not just a currency to be had.
The CEO further explained that Twitter’s future will have three major ingredients, including Bitcoin, decentralization, and artificial intelligence. Dorsey believes that the company should actively play in the Bitcoin space:
“I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it.”
Dorsey also spoke on Twitter’s general interest in crypto, likened to Facebook’s upcoming Diem cryptocurrency. However, for Twitter, Bitcoin is the standard:
“There’s an obvious need for this and appreciation for it. And I think that an open standard that’s native to the internet is the right way to go, which is why my focus and our focus eventually will be on Bitcoin.”
According to a Twitter representative, this is the first time the CEO has publicly bared his opinion on Bitcoin and how the asset can be integrated into Twitter.
Image Credits: Pixabay
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