Buterin and Musk stood up for bitcoin supporter Jack Dorsey

by in Cryptocurrency News

Jack Dorsey fire Elon Musk

Ethereum founder Vitalik Buterin and CEO of SpaceX Elon Musk supported Twitter head Jack Dorsey, who is facing a threat of firing.

Musk succinctly noted that his sympathy is on the side of the current head of the social media platform.

Buterin expressed doubts that the manager appointed by the hedge fund will cope with CEO responsibilities better than Jack Dorsey. Ethereum creator added the hashtag #StandWithJack.

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The comments came after the founder of Elliott Management, Paul Singer, got a 4% stake in the social network and received the right to nominate four of the seven board members.

Paul Singer expressed a desire to fire Dorsey. The activist investor believes that Twitter CEO does not devote the necessary time to the development of the social network, focusing more on the work of the Square payment service.

At Forbes, the potential departure from CEO Twitter is considered a positive development for the crypto industry, as it will give Jack Dorsey more time to develop Square Crypto, Square's cryptocurrency division.

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Recall, that month ago in a 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. 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.