Is Jack Dorsey Drumming Up Support for Bitcoin Because Lightning Network is Square’s End Game Move?

Good news is Jack Dorsey, a serial innovator and a renowned Silicon Valley entrepreneur is a Bitcoin believer. He owns a bunch of these world’s most valuable scarce coins. Jack Dorsey as we know is a behind Twitter, whose market valuation is more than that of Ethereum and XRP combined at $25.75 billion. The innovator is also behind Square, a megalith with a $29.75 billion market cap. Even though his social media company banned users from posting crypto related adverts, he is an ardent fan of the censorship resistant coin.  As a matter of fact, he’s strongly convinced that in ten years, BTC will be a global currency. On numerous occasions, he has reiterated is stance and optimism on crypto. Once during an interview with the Times and most recently when he was interviewed in a podcast. Jack, being a personal investor in BTC, anchors this rapid ascendance as a choice currency for micro-payment on his investment.

Together with David Sacks, Charlie Lee, Kevin Hartz and others they funneled $2.5 million to Elizabeth Stark’s Lightning Labs. This joining of forces had David Stacks excited and shortly after this was made public, he said Lightning Network is “one of the most important projects in crypto overall adding that he is excited to be an investor”. With the guidance of Stark, Lightning Labs is working off Lightning Network (LN).

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