Twitter CEO Jack Dorsey hints at Spending on Bitcoin, as high as $10,000 a Week.

travis brown
2 min readMar 9, 2019

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On the podcast Tales from the Crypt on March 4, Twitter and Square CEO Jack Dorsey hints at spending $10,000 per week on Bitcoin. On the podcast, Jack mentioned how he came to experiment with Bitcoin and ho he sees connections between Bitcoin and Twitter. Speaking about the “Stacking Sat Saturday”, where traders buy $25 in BTC every week to show the growing adoption of Cryptocurrencies. Dorsey said that “he saw that Stacking Sat Saturday on Twitter. I would have participated but I have already exceeded my limit on CashApp. I can’t purchase anymore.”

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There was not an exact amount mentioned by Jack on the podcast, however, the maximum weekly buy limit for Bitcoin on mobile payment company Square’s CashApp is $10,000. He also shown interest on joining the Stacking Sat Saturday next week, since limits purportedly rotate every week.

Jack is known for his belief that Bitcoin is the Internet’s native currency. In an Interview with Joe Rogan last month, Jack mentioned that “Bitcoin was something that was born on the internet, that was developed on the internet, that was tested on the internet…It is of the internet.”

He also mentioned that that virtual currencies are the future of a legitimate means of global payment. He is not just speaking and speculating it, he owns Bitcoin and that’s the sole Crypto he is interested on as of now.When asked about the particular features of Bitcoin that excite Dorsey the most, the Bitcoin bull again pointed at the cryptocurrency’s potential to become a global currency.

The CEO of the cybersecurity giant Kaspersky, Eugene Kaspersky, Recently mentioned, that he believes that in the future — “perhaps in a 100 years’ time” — the world will be united under a single government, which turn will have a single, digital currency. Kaspersky, however, argued that “cryptocurrencies are a great idea, but the world is not ready for them yet.”

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