‘Bitcoin Is Not Crypto’: How Jack Dorsey’s Remarks Fuelled a Rebound, And What He Really Meant | Markets
‘Bitcoin Is Not Crypto’: Jack Dorsey’s Comments Spark Sharp Price Rebound
Bitcoin staged a sharp rebound on Monday after Jack Dorsey, co-founder of Block Inc. (formerly Square), doubled down on his support for the world’s largest cryptocurrency through a series of posts on X (formerly Twitter).
Dorsey’s comments, including the statement “Bitcoin is not crypto,” sent ripples through the digital asset market and reignited investor enthusiasm at a time when prices had been consolidating.
Dorsey’s message reignites momentum
The rally followed Dorsey’s repost of a message from user Jamie Selects, who claimed to have “sold every @Square Seller on bitcoin payments” at a local market, citing excitement over “zero processing…
