Josh Sigurdson reports on the recent news that Twitter founder and CEO Jack Dorsey is actually repeatedly maxing out his $10,000 spending limit on his company’s application ‘Cash App’ in the past few weeks.
Dorsey calls the future of Bitcoin amazing and that it will be the future of currency on the internet.
We must remember that with a 600+ percent rise in shares for FANG stocks (which one should conclude Twitter belongs in that group) since the 2008 recession and little being added to the product, but a lot being taken away from the product with the many problems happening on these applications, it makes sense to see someone like Jack Dorsey buying a lot of Bitcoin to ensure financial security going forward. Twitter will not be around forever and there is a very real possibility that it actually won’t be around for all that long at all considering the bubble in the markets for FANG stocks. Being a “young” CEO like Dorsey, he is ensuring that his wealth will transfer to the next generation of currency and currencies with countless potentially bullish alternative cryptocurrencies as well as efficient, decentralized blockchain solutions.
You don’t have to like Dorsey to see the story this spells out for the rest of us going forward. It’s just the beginning for Bitcoin and cryptocurrencies. Jack Dorsey is only one example…
Stay tuned for more from WAM!
Don’t forget to check out Mike Maloney’s GoldSilver at the following link:
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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