Twitter Founder May Put Significant Amount of Money into Bitcoin, Analyst Says

Twitter Founder May Put Significant Amount of Money into Bitcoin, Analyst Says

By Abhimanyu Krishnan | News | 22 Sep 2020


Well-known cryptocurrency analyst Willy Woo commented on Bitcoin (BTC) and the state of the cryptocurrency market on Twitter on September 18, and suggested that Twitter CEO and co-founder Jack Dorsey may be readying himself for a big investment in Bitcoin.

  • Woo commented on Microstrategy CEO Michael Saylor’s interview on the Pomp Podcast, and the growing potency of Bitcoin as a store of value
  • Like Microstrategy, Woo sees other companies transferring some of its cash reserves into Bitcoin
  • He then points to Jack Dorsey and the fact that he is overseeing a cash reserve of $10 billion - hinting that it could be possible that Dorsey orchestrates a move similar to that of MicroStrategy
  • Dorsey is known for being a Bitcoin and cryptocurrency enthusiast, calling Bitcoin the “internet’s native currency”
  • Square, which Dorsey also runs, sells Bitcoin via its Cash App, and the business profits have surged in profits in the past 12 months

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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