Twitter and Square CEO Jack Dorsey made a very important statement about Bitcoin on his Twitter account. After Dorsey’s statement, Bitcoin (BTC) price gained momentum in its positive movement. Here are Dorsey’s statements…
Jack Dorsey, who is the CEO of important companies such as Twitter and Square, announced an important company decision regarding Bitcoin on Twitter.
Bitcoin (BTC), the leading unit of the crypto money world and the most valuable unit, has been very active in recent days and is making this move very strongly upwards. It makes its investors happy by taking firm steps towards the highest level of all time. According to Coinecko data, while we were preparing this news, Bitcoin, which was traded at $ 61,946, experienced an increase of 4.2%. It should also be noted that the highest level BTC has seen in the last 24 hours is $ 62,728.
While the Activity Continues in Bitcoin, Another Positive News Came from Square Company!
Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community. First some thoughts and questions.
— jack⚡️ (@jack) October 15, 2021
Dorsey, CEO of Square company, said in a statement that Square is a solution for all users worldwide. Bitcoin mining announced that he had plans to establish the system. Dorsey also explained that if he does this work, the operating model will be based on “custom silicon” and “open source” for individuals and businesses. Stating that they can adopt the “hardware wallet” model, Dorsey added that they will cooperate with the community.
Thinking that mining should become widespread, Dorsey also drew attention to the energy consumption of mining. Dorsey said that the mining industry’s most pressing problem is clean energy mining:
He stated that “moving towards clean and efficient energy use is ‘great’ for Bitcoin’s economics, impact and scalability.” He added that energy is a major challenge that requires innovation in silicon, software and integration.
Dorsey thinks that anyone who wants to mine should start by simply connecting their device to power. Drawing attention to the importance of silicon chip designs in this regard, Dorsey stated that the designs of such silicon chips were carried out by several companies as they required both cost and long-term development phase.