Even though Twitter CEO is pro NFT and has recently released 140 NFTs on the Ethereum blockchain, he still does not believe in its potential as an investment alternative. The CEO maintains he will not buy ether as an investment option despite believing in the Ethereum blockchain for NFT.
On Wednesday, Twitter held a giveaway through one of NFTs marketplace Rariable. In the giveaway, it was giving 140 NFTs on ethereum. This is clear that Twitter believes in the Ethereum blockchain and NFTs but is still not convinced on ether. This comes as news to many since Dorsey is a big fan of Bitcoin.
According to one of Twitter’s users, Packanimal, he predicted that the CEO will still join the ether bandwagon since Dorsey has bought into the NFT news. But the CEO clarified and said he is not interested.
At large, the Crypto community has been in a buzz following the reaction considering Twitter prints ethereum based NFT’s on Rariable. It also comes as a surprise as the CEO is also a co-founder of Square, a crypto digital payments platform.
In 2019, Dorsey expressed he’s a big fan of Bitcoin. And he continues with his stand on Bitcoin. Following his comments at the Bitcoin 2021 conference in June. He believes Bitcoin holds everything and enables many people around the world.
Being an early Bitcoin adopter, the CEO believes Bitcoin is a strong currency of the internet since 2018. Even though Bitcoin has experienced a lot of volatility recently, the CEO is still not convinced to move to alternatives such as ether. He claimed he made a significant investment in Bitcoin back in 2019.
Many analysts believe that Ethereum might overtake Bitcoin. Following Bitcoin trends and ethereum adoption in different technologies such as NFT.
According to the CEO of Galaxy Digital, a crypto investment firm, ether is heading to become the most prominent cryptocurrency. Dorsey does not believe this will ever happen.