Bitcoin, not crypto, will replace US dollar, says Jack Dorsey
In a recent Twitter exchange with superstar rapper Cardi B, former Twitter CEO Jack Dorsey told the “WAP” singer that Bitcoin is going to replace the U.S. dollar, showing his unwavering support for the largest cryptocurrency once again.
The interaction on Twitter between the Grammy Award-winning rapper and the tech billionaire over the dollar theft crypto sparked a lot of backlash on Twitter. Bitcoiner Dennis Porter remarked smugly that such a conversation was in fact inevitable.
Other cryptocurrency communities also showed up in Cardi B’s replies, with Dogecoin co-founder Billy Markus posting a meme about how Dogecoin is more stable than the U.S. dollar.
After stepping down as CEO of the social media giant at the end of November, Dorsey also renamed Square, his mobile payment company, to Block. He has now taken on a dream job as a full-time Bitcoin advocate.
In a separate tweet, Dorsey also took aim at “web3,” the term that is used to vaguely describe the next generation of the internet.
Block’s boss says it’s just “a centralized entity with a different label.”
He’s not the only billionaire who’s not buying into the new crypto trend. Tesla CEO Elon Musk, the richest person on the planet, called web3 “BS” earlier this month. In a Dec. 20 tweet, he offered a more nuanced opinion on the matter, claiming that the term sounds more like a “marketing buzzword” than the future of the internet.
In another tweet Dorsey felt it was important to focus on resilient technologies that really belong to people.
