{"id":14839,"date":"2021-11-30T15:54:15","date_gmt":"2021-11-30T15:54:15","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/jack-dorsey-resigning-as-ceo-of-twitter-is-bullish-for-crypto-says-fundstrat\/"},"modified":"2021-11-30T15:54:15","modified_gmt":"2021-11-30T15:54:15","slug":"jack-dorsey-resigning-as-ceo-of-twitter-is-bullish-for-crypto-says-fundstrat","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/jack-dorsey-resigning-as-ceo-of-twitter-is-bullish-for-crypto-says-fundstrat\/","title":{"rendered":"Jack Dorsey Resigning as CEO of Twitter Is Bullish for Crypto, Says Fundstrat"},"content":{"rendered":"

Twitter now has a new chief executive officer after Jack Dorsey resigned Monday. Dorsey, who is still the CEO of Square Inc., previously said that he wants to focus on bitcoin. Fundstrat Global Advisors\u2019 managing director and head of research explained why Dorsey\u2019s departure from Twitter is bullish for crypto.<\/strong><\/p>\n

Twitter Has New CEO: Jack Dorsey Steps Down<\/h2>\n

Jack Dorsey announced Monday that he has resigned from Twitter. In his letter<\/a> to the Twitter team, the former CEO explained that it was his decision to leave. Parag Agrawal, who served as Twitter\u2019s chief technology officer, is the new CEO. Dorsey is still the CEO of Square Inc., which is currently working on several bitcoin projects<\/a>.<\/p>\n

Tom Lee, managing partner and head of research at Fundstrat Global Advisors, believes that Dorsey\u2019s resignation from Twitter is bullish for the crypto market. In an interview with CNBC Monday, he was asked what Dorsey\u2019s exit from Twitter means for the bitcoin and cryptocurrency ecosystem.<\/p>\n

Responding to the question, \u201cIs it bullish for crypto?\u201d Lee affirmed:<\/p>\n

Yes, it\u2019s bullish for crypto.<\/p>\n

\u201cOne thing to keep in mind is that crypto is the intersection of financial services and technology. That\u2019s literally 60% of the economy. Really, financial services is the other half of GDP, so it\u2019s a huge market,\u201d he elaborated. \u201cAnd there isn\u2019t enough capital allocated towards crypto innovation, so it takes people like Jack Dorsey to really marshal focus and I don\u2019t think the space is overinvested yet.\u201d<\/p>\n

Lee added that it is still the earliest days for the crypto space, not only for projects like Bitcoin and Ethereum but also \u201cthe amount of crypto equities and businesses built around crypto.\u201d<\/p>\n

Earlier this month, Twitter set up a dedicated team<\/a> to focus on cryptocurrency and decentralized apps.<\/p>\n

Dorsey said at the Bitcoin 2021 Conference in June, \u201cIf I were not at Square or Twitter, I would be working on bitcoin.\u201d The former Twitter CEO emphasized<\/a>, \u201cIf [bitcoin] needed more help than Square or Twitter, I would leave them for bitcoin,\u201d noting:<\/p>\n

I don\u2019t think there is anything more important in my lifetime to work on.<\/p>\n

His other company, Square, is \u201cfocused on helping bitcoin reach a mainstream audience while at the same time strengthening the network and ecosystem,\u201d Dorsey said<\/a> during Square\u2019s Q3 earnings call early this month. \u201cOur focus is on helping bitcoin to become the native currency for the Internet \u2026 We have a number of initiatives toward that goal. Cash App is just one.\u201d<\/p>\n

Do you think Jack Dorsey resigning from Twitter is bullish for bitcoin and crypto? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Bitcoin, bullish for crypto, Fundstrat, Jack Dorsey, jack dorsey bitcoin, jack dorsey quit, jack dorsey resign, jack dorsey resigns twitter, jack dorsey square, Square, Twitter, twitter new ceo<\/p>\n","protected":false},"excerpt":{"rendered":"

Twitter now has a new chief executive officer after Jack Dorsey resigned Monday. Dorsey, who is still the CEO of Square Inc., previously said that he wants to focus on bitcoin. Fundstrat Global Advisors\u2019 managing director and head of research explained why Dorsey\u2019s departure from Twitter is bullish for crypto. Twitter Has New CEO: Jack…<\/p>\n","protected":false},"author":0,"featured_media":14840,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14839"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14839"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14840"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}