the big boss of Twitter and Jay-Z invest in their turn

Jack Dorsey, current CEO of Twitter, and Jay-Z have just joined forces to “make Bitcoin the currency of the Internet” thanks to the BTrust fund, on which they have deposited nearly 500 Bitcoins.

Credit: Dmitry Demidko via Unsplash

The news around Bitcoin never ends! After experiencing spectacular rebounds since the end of last year, and reaching new highs very recently following Tesla’s announcement to invest $ 1.5 billion in cryptocurrency and let its customers pay for their future purchases in Bitcoin, the virtual currency, has two prime ambassadors: Jack Dorsey, CEO of Twitter, and even rapper and producer Jay-Z. Both have just joined forces to launch BTrust, a fund of 500 Bitcoins – around 20 million euros according to current prices – and which should make it possible to “Make Bitcoin the currency of the Internet”.

The duo are currently looking for a third member to form a provisional board of directors. They reportedly offered to join the CEO of Binance (one of the most popular cryptocurrency exchanges), Chagpeng Zhao, but he declined the offer, arguing that he was not “A good candidate because I am constantly called upon in all directions, I don’t have enough time. But I would be happy to donate once the system is up and running. “

At the same time, the Indian government has just announced its intention to ban cryptocurrencies on its territory, in order to promote its own virtual currency. The Supreme Court of the country had nevertheless already refused a similar attempt last year, which casts doubt on this new will of the Indian government, which now wishes to establish a transition period extending from 3 to 6 months for investors withdraw their money invested in cryptocurrencies.

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Source: Journal du Geek by www.journaldugeek.com.

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