Need another reason to buy more bitcoin (BTC)?
Last week, the CEO of Twitter (TWTR) and Square (SQ), Jack Dorsey, joined forces with American rapper and entrepreneur Jay-Z to “make bitcoin the internet’s currency”.
Dorsey and Jay-Z, who are homies and business partners, hope to make the crypto asset a legitimate currency in Africa and India. They contributed about $23.5m worth of bitcoin into an endowment fund that is set up as a blind irrevocable trust – meaning it will take zero direction from the board members, including the duo.
Dorsey has long been a proponent of bitcoin. In fact, last year, Square invested $50m into the cryptocurrency, which has grown to now be worth over $220m!