Bitcoin’s price increased after Jack Dorsey’s announcement

by in Cryptocurrency News

Founder of Square

CEO of Twitter Jack Dorsey has always talked about Bitcoin as a future of currencies. In a statement made in 2018, he has even mentioned that Bitcoin will become the world's single currency.

Still, he understands that there are some improvements in the leading cryptocurrency system that need to be made.

In a recent blog post, the founder of Square Inc. stated that BTC needs to make improvements in UX, privacy, security, and scaling. After these changes, it will become broadly adopted.

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Then Dorsey decided to make the changes by himself and tweeted that his company is focusing on Lightning Network.

After his post, the price of Bitcoin raised above $9000. Some suggest that the reason may be in an emergency with coronavirus in China, but experts say that the Dorsey.