However regardless of Twitter releasing 140 NFTs on Ethereum — the muse for the second most-valued cryptocurrency after Bitcoin (BTC) — Dorsey apparently stays loyal solely to Bitcoin.
Following the NFT information, Twitter person Packanimal recommended that it was “solely a matter of time earlier than” Dorsey invested in Ether, to which the CEO merely replied “No.”
— jack (@jack) June 30, 2021
The crypto group subsequently reacted to Dorsey’s two-letter tackle Ethereum, with Cinneanhaim Ventures’ Adam Cochran criticizing Twitter CEO for “nonetheless being a BTC maxi” whereas Twitter “prints Ethereum-based NFTs on Rarible.” “With this stage of psychological gymnastics I am shocked he will not be representing the US on the 2021 Olympics in Tokyo this 12 months,” Cochran added.
Dorsey, who’s additionally a co-founder and CEO of crypto-friendly digital funds agency Sq., beforehand expressed his loyalty to Bitcoin alone, stating in a 2019 tweet, “I solely have Bitcoin.” On the Bitcoin 2021 convention in early June, he said, “Bitcoin adjustments completely every little thing. […] I don’t assume there’s something extra enabling for folks world wide.”
An early Bitcoin believer, Dorsey has repeatedly argued that Bitcoin will be the single currency of the internet since at the least 2018. He beforehand rejected shifting into altcoins like Ether, claiming that he invested solely in Bitcoin in 2019.
Dorsey’s remarks come as among the largest Bitcoiners admit that Ether may finally flip Bitcoin because the world’s largest cryptocurrency. Mike Novogratz, founder and CEO of crypto funding agency Galaxy Digital, predicted Thursday that Ether may turn into the “largest cryptocurrency at some point.”