The former CEO of Twitter and a strict Bitcoin (BTC) defender Jack Dorsey shared on Twitter why he thinks the price of Bitcoin will rise in the future after the last drop.
Jack Dorsey Announces The Factor That Will Boost Bitcoin
Jack Dorsey made the Bitcoin comment in question in response to famous author Tom Philpott.
Philpott accused Dorsey of constantly tweeting about rapper Kendrick Lamar and not being interested in BTC while “BTC was burning.”
Dorsey has been posting messages on Twitter lately in support of Lamar’s new album and upcoming tour.
Dorsey replied to Philpott by saying that he does not follow the price of BTC. According to Dorsey, as more people use BTC in the future, Bitcoin will always gain value in the long run.
Dorsey, who gives the image that he is not worried at all, especially in the falling moments, seems sure of the future of BTC.
BTC Price Takes Heavy Losses in Recent Days
BTC and all cryptocurrency The market experienced a major recession this month. With the FED’s announcement on May 4 that it had increased interest rates, the BTC price first experienced a small increase, but then regressed to the level of $ 25,000. The Fed made the highest rate hike in 22 years.
Another factor causing the decline of BTC is Terra (Luna) The price of the token had a major collapse and reset after the $120 level in April.
Terra founder Do Kwon recently proposed that 1 billion new tokens be distributed to former LUNA investors in his proposal.
*Not investment advice.