Does Dorsey’s Twitter exit mean he’s devoted to Bitcoin?

Does Dorsey‘s exit from Twitter mean he’ll be devoting himself to Bitcoin from now on? This was the question the crypto community asked after the Twitter founder decided to step down from his role as CEO of the platform a few days before we retweeted our Bitcoin news.

Twitter co-founder Jack Dorsey has announced his resignation as CEO of the social media company, which has only fueled rumors that he will focus on Bitcoin from now on. In his resignation letter posted on the social media platform, Dorsey explained the limitations of founder-funded companies, saying he found these setups risky and constrained companies in the sense that they were a single point of failure. He mentioned key personnel at Parag Agarwal and Bret Taylor said he was confident that he could lead Twitter in the right direction for greater success and growth, which justifies his resignation. He says:

“I want you all to know that this is my choice and I own it. Of course, that’s difficult for me. I love this service and this company … and all of you very much. I’m really sad … but really happy.

… I knew we were going to prove that this was the right move. ”

At the Bitcoin conference in Miami, Dorsey said he would be working on Bitcoin if it weren’t for Sq. or Twitter. He also said that both companies play a huge role in terms of crypto adoption:

“If I’m not in Sq. or Twitter, I’m working on Bitcoin. “

With Dorsey at the helm, both companies are known as crypto advocates. In September, for example, Twitter introduced a “Tips” feature that allows users to tip content creators using cryptocurrency. The Sq. was one of the first payment apps to include bitcoin more than four years ago, and earlier this year it found that 5% of all cash was the main cryptocurrency. But does Dorsey’s exit from Twitter mean he’s only working on Bitcoin?

His resignation letter didn’t mention cryptocurrencies at all, while Binance’s Changpeng Zhao wrote:

“Nice job @jack. Welcome to cryptocurrency full time? ”

Doge co-founder Billy Markus drew some parallels to Dorsey’s comment on the limitations of founding companies, saying that DOGE only grew after he left:

“Dogecoin only got really successful when I stopped growing on it. You built something pretty big – it changed many lives, including me – it wouldn’t be Dogecoin without Twitter. Much respect for your work and your decisions.”