One of the most famous and powerful fans of bitcoin over the past few years has been Jack Dorsey. He is known for being the CEO of social media giant Twitter. There were some rumors over the past few days that Dorsey might be on his way out of the CEO chair. These rumors started because some of Twitter’s other top executives have said goodbye to the company in recent days. However, it was officially announced that Jack Dorsey will remain the CEO of Twitter for the foreseeable future. This is very good news to fans of bitcoin and cryptocurrency in general. As the CEO of Twitter, Dorsey has shined a light on the promise that digital currency has. He is a huge believer that bitcoin will change the way that the world economy operates in the future.
Jack Dorsey will be spending a lot of time in Africa this year. He is not going there for a vacation. He will be living in several African countries to get a sense of the African cryptocurrency market. He will be talking with people who live there and operate businesses that deal with cryptocurrencies. He feels that there will come a point when average people use bitcoin to pay for groceries and gasoline. Dorsey knows that bitcoin and other cryptocurrencies are becoming more mainstream every day. Therefore, he wants to be at the forefront of the digital currency revolution that he feels is right around the corner.
This is why bitcoin proponents were hoping that Dorsey would remain with Twitter. According to cryptopotato.com, as the CEO of a massive social media company, Dorsey has a much bigger voice in the media than if he left the company or had a lesser position at Twitter that was not as powerful. However, Dorsey is still the CEO. This means that anything he says about bitcoin will be reported on by the global media. This will make more people aware of what bitcoin is and what it can do.
One of the main reasons why Jack Dorsey was rumored to be leaving Twitter is the fact that he is also the CEO of a company called Square. This company specializes in processing payments. Both Twitter and Square are publicly traded companies. Dorsey apparently convinced the board of directors at Twitter that he will be devoting enough of his time to the social media company. Therefore, they agreed to keep him as CEO.
