Twitter and Square CEO Jack Dorsey has been talking Bitcoin again on the latest ‘Tales from the Crypt‘ podcast. The fact that he’s maxing out his weekly bitcoin spend in the Cash app has got the CNBC Fast Money team all bullish.
Jack To The Max?
CNBC called Dorsey ‘all-in’ on Bitcoin, the screen emblazoned with a lower-third title reading ‘Jack Dorsey’s Big Bitcoin Bet.’ The Fast Money team went on to give a rather bullish assessment of the current state of the market. All this came after Dorsey revealed that he spends Cash app’s full $10,000 weekly limit imposed on bitcoin purchases. But is this really ‘all-in’ and/or a ‘Big Bitcoin Bet’?
Sure, for the average Cash app user, $10,000 a week probably amounts to an awful lot of money. It certainly seems high enough that there are probably less than a handful of users who are regularly troubled by this limit. But, for Dorsey, this is pocket change; hardly a ‘big bet.’ It’s not like he doesn’t have other avenues through which to go…