The perceived BTC maximalist and principal executive officer of Blocks, Inc, a fintech company focusing on Bitcoin solutions, remains bullish on the future of the leading cryptocurrency asset, amid trading below $25,000 at the time of writing.
The American internet entrepreneur Jack Dorsey is among those taking advantage of BTC’s discounted price, consistently accumulating the asset, as prominent crypto analysts predict a massive bull run in the coming months. Notably, BTC has an exchange rate of $23,723 at press time.
Dorsey, the co-founder of Twitter and former CEO of the top social media outlet hinted that he purchases BTC every week, according to a comment made on Nostr. This was in response to a post made by a certain user Utxo. He wrote, “I wonder if Jack DCA [dollar-cost averaging] into BTC like the rest of us.”
“Yes. Every week is the same,” Jack Dorsey replied. This positive response and comment received over 9,400 satoshis on the Nostr platform through likes.
Nostr which represents ‘Notes and Other Stuff Transmitted by Relays’ is a decentralized social media platform backed by Jack Dorsey that enables payments using Bitcoin’s Lightning Network.
Last December, the tech billionaire donated a whopping 14 BTC for Nostr development after stepping down as Twitter CEO. This donation was worth roughly $240,000 at the time.
Dorsey’s passion for Bitcoin solutions led to the starting of a decentralized social media project dubbed Bluesky in 2019. Per an update, the test version of Bluesky Social, a decentralized Twitter alternative, landed on App Store on Tuesday. More users can now access and test the application while waiting for its main launch.