As the value of the Shiba Inu falls, TwitterJack Dorsey promises Cardi B that Bitcoin “WILL replace the dollar”

As the value of the Shiba Inu falls, TwitterJack Dorsey promises Cardi B that Bitcoin "WILL replace the dollar"

Tech Highlights:

  • Cardi B said on Twitter, “Do you believe crypto will replace the dollar?” “Yes, Bitcoin will,” responded the former Twitter CEO in response.

  • Former Twitter CEO Jack Dorsey believes that cryptocurrency would eventually replace the dollar. Dorsey was replying to a tweet from Cardi B, a prominent rapper.

The Twitter conversation occurs at a time when the dollar has taken a hit as a result of concerns about the global spread of Omicron variant infections.

Incidentally, the price of Bitcoin surged shortly after the exchange between Dorsey and Cardi B. It also reversed the downward trend that has been witnessed in the Bitcoin price since the last few days.

The brief exchange became viral, with millions of people responding to it. Bitcoin prices, which had been at an all-time high for nearly a year, have dropped in recent weeks. Bitcoins have apparently lost almost 30% of their value in less than a month. The drop in price has had an impact on the price of Ethereum, which has dropped about 20%. Because Bitcoin is the most widely used money, its price volatility has an impact on other currencies.

It was reported that Bitcoin rose back by over $48,000 on Tuesday after a 5 per cent overnight price surge. This has also boosted the price of Ethereum and the wider crypto market.

This is not the first time Dorsey tweeted about Bitcoin. In August this year, he tweeted saying ..

 

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