{"id":26855,"date":"2022-05-14T08:14:11","date_gmt":"2022-05-14T12:14:11","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=26855"},"modified":"2024-07-28T08:26:39","modified_gmt":"2024-07-28T12:26:39","slug":"jack-dorsey-reveals-reason-for-next-bitcoin-price-surge","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/jack-dorsey-reveals-reason-for-next-bitcoin-price-surge\/","title":{"rendered":"Jack Dorsey Reveals Reason For Next Bitcoin Price Surge"},"content":{"rendered":"\n<p><a href=\"https:\/\/coinscreed.com\/staging\/jack-dorsey-to-provide-legal-defence-to-btc-devs-with-new-fund.html\">Jack Dorsey <\/a>revealed that he is not concerned or moved by the current fall in Bitcoin's (BTC) price. Here is why<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"730\" height=\"487\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/Twitter-CEO-Jack-Dorsey-reportedly-plans-to-step-down.jpg\" alt=\"Jack Dorsey Reveals Reason For Next Bitcoin Price Surge\" class=\"wp-image-14285\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/Twitter-CEO-Jack-Dorsey-reportedly-plans-to-step-down.jpg 730w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/Twitter-CEO-Jack-Dorsey-reportedly-plans-to-step-down-300x200.jpg 300w\" sizes=\"(max-width: 730px) 100vw, 730px\" \/><figcaption>Jack Reveals Reason For Next Bitcoin Price Surge<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-dorsey-knows-what-will-cause-btc-price-surge\" >Dorsey Knows What Will Cause BTC Price Surge<\/a><\/li><li><a href=\"#h-may-is-a-month-to-remember\" >May Is A Month To Remember <\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/jack-dorsey-block-inc-is-building-an-open-bitcoin-mining-system.html\">Jack Dorsey<\/a>, a billionaire and famous Bitcoin enthusiast who co-founded Twitter and served as its CEO until November of last year, has taken to Twitter to explain why he believes the price of Bitcoin will climb again in the future after the recent drop.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-dorsey-knows-what-will-cause-btc-price-surge\">Dorsey Knows What Will Cause BTC Price Surge<\/h2>\n\n\n\n<p>Tom Philpott, the creator of the &#8220;Military Update&#8221; column in the US media and the author of a few non-fiction books, tweeted at Jack. Philpott chastised Dorsey for tweeting about rapper Kendrick Lamar, his new album, and the upcoming tour in support of it rather than watching and commenting on &#8220;Bitcoin burning.&#8221;<\/p>\n\n\n\n<p>Dorsey stated that he is not concerned about the <a href=\"https:\/\/coinscreed.com\/staging\/bitcoin-btc-drops-to-near-28k-minutes-following-u-s-inflation.html\">Bitcoin price's current decline<\/a>. He is confident that BTC will continue to climb in the long run. <\/p>\n\n\n\n<p>His confidence stems from the increasing acceptance of BTC since &#8220;more individuals are able to use it.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">I don&#39;t watch the price. I know it will always gain in value over the long term as more people are able to use it.<\/p>&mdash; jack (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1525155394418532352?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 13, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><figcaption>\u2014 jack\u26a1\ufe0f (@jack)\u00a0<a href=\"https:\/\/twitter.com\/jack\/status\/1525155394418532352?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noreferrer noopener\">May 13, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-may-is-a-month-to-remember\">May Is A Month To Remember <\/h2>\n\n\n\n<p>This month, Bitcoin and the entire cryptocurrency market have declined. <\/p>\n\n\n\n<p>First, on May 4, the Federal Reserve raised interest rates by half a percentage point, the highest increase in 22 years.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/u.today\/sites\/default\/files\/inline-images\/BTCjackD.png\" alt=\"Jack Dorsey Reveals Reason For Next Bitcoin Price Surge\" width=\"751\" height=\"440\" \/><\/figure>\n\n\n\n<p>After a brief surge, Bitcoin fell from $39,000 to around $31,000.<\/p>\n\n\n\n<p>The second blow came from an unexpected source: <a href=\"https:\/\/coinscreed.com\/staging\/luna-ust-stablecoin-price-crash-explained.html\">Terra's UST and LUNA coins plummeted<\/a>.<\/p>\n\n\n\n<p>The UST algorithmic stable coin has lost its peg to the US dollar and is currently trading at $0.2264. (down by 32 percent in the last 12 months). <\/p>\n\n\n\n<p>LUNA, the native token, is currently trading at $0.0004774, down 1,185 percent from yesterday. The Terra blockchain has been put on hold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jack Dorsey revealed that he is not concerned or moved by the current fall in Bitcoin&#8217;s (BTC) price. Here is why Jack Dorsey, a billionaire and famous Bitcoin enthusiast who co-founded Twitter and served as its CEO until November of last year, has taken to Twitter to explain why he believes the price of Bitcoin [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":14285,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[],"class_list":["post-26855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/Twitter-CEO-Jack-Dorsey-reportedly-plans-to-step-down.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=26855"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/14285"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=26855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=26855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=26855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}