Crypto enthusiasts are on Twitter trying to guess what Jack Dorsey meant in Tuesday’s ‘705742’ tweet. A fan asked, “Your first block reward? “Block 705742 was released about 3 hours ago, around the time your tweet was shared,” he said. Jack Dorsey said last week that Square is trying to build a Bitcoin mining system for the masses.
What did Jack Dorsey mean by the mysterious tweet?
Twitter and Square CEO Jack Dorsey left many crypto enthusiasts confused when he shared his short and enigmatic “705742” tweet on Tuesday. That was all. There is no follow-up explanation, and no one knows what the issue is. So people started to speculate. In most of the comments, it is stated that it is related to Bitcoin in some way.
One Twitter user asked, “BTC price target?” while another user asked, “Your first block reward? “Block 705742 was released about 3 hours ago, around the time your tweet was shared,” he said. Jack Dorsey announced Friday that digital payments company Square is working to build an easy-to-use Bitcoin mining system for individuals and businesses around the world. The crypto mining process generates Bitcoin every 10 minutes. In the first four years of Bitcoin’s existence, 50 Bitcoins were minted at that time. Every four years, the amount is halved. From October 2021, only one block is minted, giving 6.25 Bitcoins every 10 minutes. The halving in 2024 will occur at 840,000 blocks.
“A prediction on which block confirmation the leading coin will break another ATH”
“Given Jack’s reputation and reputation as a successful tech entrepreneur and bitcoin advocate, his tweet faced multiple buying pressures before and during this block approval,” Adrian Kolody, founder of decentralized exchange Domination Finance, said in a statement. why could that happen?” he commented. Adrian Kolody continued his evaluations as follows:
Regardless of market cap, it is typical for highly influential people to influence price movements in the crypto market. At the end of the day, Jack Dorsey is just making a simple guess at which block confirmation Bitcoin will break another ATH (all-time high).
Bitcoin hit an all-time high above $67,000 on Wednesday and is up nearly 130% so far this year, according to data from CoinDesk. The digital asset received a significant boost from the launch of the first US futures-based Bitcoin ETF this week. There are market watchers keeping their eyes high when it comes to the fact that the tweet “705742” could be a price target. Cathie Wood of Ark Invest, for example, sets a long-term price target of $500,000 for the digital asset
Jack Dorsey is influential in the crypto industry and tweets frequently about Square’s Bitcoin-related projects. In July, it announced plans to launch a decentralized finance (DeFi) business focused on cryptocurrency. cryptocoin.com As you have also mentioned in our news, Twitter launched a feature in September that allows anyone using the social media platform to send and receive tips with Bitcoin.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. Therefore, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.