Twitter’s CEO Jack Dorsey extended Bitcoin’s emoji until the year 3000 by writing on his Twitter profile as we read more about it in the latest BTC news.
Jane Manchun Wong, an analyst explained:
“There’s a hashflag for #Bitcoin and #BTC that lasts until the year of 3000 Hard to think of who at Twitter came up with this.”
— jack (@jack) February 2, 2020
The Bitcoin emoji didn’t show up on Twitter which led users to wonder if it was manually disabled. However, one Twitter user said:
“Ah turns out the #Bitcoin emoji temporarily being removed was actually not a canary in the coal mine precursor to the death of the entire industry, who’d have thought”
Another one continued:
“Jack is a legend Fire so a few days ago the #bitcoin emoji disappeared, sounds like it expired so he reset it to the year 3000 for next expiry date.”
We have a while https://t.co/SFYVeCDfs7
— jack (@jack) January 4, 2021
Later on, it was classified that the emoji had its expiry date coming up and that the Twitter team just moved the expiry. In a bout of confidence, Jack Dorsey took it to Twitter to outline that the expiry date was moved to the year 3000. Twitter’s CEO extended the emoji after enabling it in February 2020. At that time, Dorsey tagged Unicode and encouraged it to add BTC to its repository of symbols. For quite some time, Dorsey has been an avid BTC supporter and even funded startups like Lightning which are then building the infrastructure for the dominant cryptocurrency.
Dorsey supported BTC on multiple occasions and most recently he even said that the Financial Crimes Enforcement Network’s new crypto rules are not practical. The FinCen legislation if passed will require entities to keep track of the non-custodial wallets and sensitive personal data behind the team and that will be sent to the regulator if a certain amount is reached. Dorsey said that he opposes this type of regulation:
“If a Square customer’s mother gifts her daughter $4,000 in physical cash and the daughter deposits those funds in a bank, the bank would have no obligation to collect information on the customer’s mother. Under the proposal, if this same transaction were completed in cryptocurrency, the bank would have to reach beyond its customer relationship and intrude upon the mother’s private information in order for the daughter to successfully deposit and freely access her gift.”
Dorsey’s enthusiasm and support towards BTC will continue onwards in the long run especially that he saw the institutional demand for BTC growing. Back in January, former Trump aide Anthony Scaramucci and his fund SkyBride, announced that it accumulated $300 million worth of BTC in one month in 2020.
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