April 21, 2024

The head of Twitter invests in bitcoin increasing the limit on the purchase of BTC

The head of Twitter invests in bitcoin increasing the limit on the purchase of BTC

Twitter CEO Jack Dorsey continues to increase his investments in Bitcoin (BTC). He reported this in response to a question from onefrom users of a social network.

Last year on the Tales from the Crypt podcastDorsey said that he is buying Bitcoin through the Cash App developed by Square, which he owns. Then he said that “this week has already expended a weekly limit” of Bitcoin purchases of $ 10,000, so he can’t buy yet.

“Hey Jack, are you still spending your bitcoin purchase limit?”asked Bitcoin Munger user this Tuesday.

"Yes"- answered Dorsey.

In this case, the amount of investment Dorsey remainsunknown. At the beginning of the month, one user noticed that the limit on the purchase of Bitcoin in the Cash App was increased from $ 10,000 to $ 100,000 per week. Many users took this innovation without much enthusiasm, given the continued limits on the transfer of funds.

Earlier, Dorsey repeatedly spoke positively about bitcoin.

“I think the white paper of bitcoin is one of the fundamental works of computer science over the past 20-30 years. This is poetry. ”He said recently.

Last week, Square reported a double increase in profit from bitcoin sales in the first quarter of 2020.

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