Skip to main content
110% Deposit Bonus from mBit

Bitcoin in Danger as Twitter CEO Jack Dorsey Might Be Replaced

Adoption of Bitcoin and other cryptocurrencies may suffer if Bitcoin critic Paul Singer succeeds in replacing known Bitcoin advocate Jack Dorsey as Twitter CEO.

Billionaire investor Paul Singer’s Elliot Management has bought significant stake in Twitter and is reportedly looking to implement new changes, including ousting Jack Dorsey from the top position.

Singer, a Republican ally and staunch Bitcoin detractor, was also reported to have nominated four directors to Twitter’s board.

Tesla Co-founder and CEO Elon Musk, however, expressed his support of Dorsey in a tweet:

“Just want say that I support @Jack as Twitter CEO. He has a good [heart].”

Along with Musk are Twitter employees who have taken on the matter with the hashtag #WeBackJack.

Reasons Behind the Oust

The rationale behind Singer’s move primarily centered on the notion of bias as Dorsey heads another publicly traded company, Square. More reasons behind Singer’s motives, however, have surfaced including transforming Twitter to a pro-Trump platform, as well as finding ways to hamper Bitcoin and cryptocurrency adoption.

Regardless of any reason, the removal of Dorsey from the office will have a negative effective on cryptocurrencies, specifically industries that use the platform like Bitcoin trading, Bitcoin sports betting, and more.

Twitter continues to be a friendly environment for the crypto community. But with a new head who may likely be another Bitcoin detractor, Singer would have removed a strong and influential voice that is in support of Bitcoin and cryptocurrency adoption.

In 2018, it can be recalled that Singer expressed his disinterest in cryptocurrencies, saying:

“When the history is written, cryptocurrencies will likely be described as one of the most brilliant scams in history.”

He even criticized those who engage in trading cryptocurrencies. His perception toward Bitcoin and other digital assets contradict that of Dorsey.

Dorsey, on the other hand, said in 2018 that Bitcoin would “overtake the dollar in importance.” He said this would be possible as Bitcoin would become within a decade the single global currency to be used on the internet.

The crypto gaming community can now only hope that changes in Twitter’s management will not hit crypto adoption hard, and will not have adverse effects on the Bitcoin casino market.

Do you want Twitter to change? Follow on Twitter for the latest news and developments in crypto and blockchain gaming.


If you’re interested in getting an updated 2020 list of all Bitcoin casino reviews for this market, check out the casino review section.

Stake Simple Signup, Instant Withdrawals and Exclusive VIP Benefits



LevelUp Casino Adds More Games, Upgrades Bonuses and Payment Systems

December 2, 2021

Now is the best time to play at LevelUp as new games and payment methods have been added, with bonuses better than ever!

2 New Crypto Casinos Have Shut Down

November 29, 2021

Bitcoin casinos Crypto1Casino and TropicalBit24 Casino will no longer be operational, just a few months after their launch.

Begin Your Wild Adventure and Get up to 3.5 BTC + 400FS at WildCoins Casino

November 25, 2021

WildCoins Casino is your next best destination when it comes to crypto gaming. And the exciting experience begins when new players become a member of our growing community.


Interview with Eman Pulis, Founder of SiGMA

July 14, 2020

We had the opportunity to talk to Eman Pulis, founder of SiGMA, a highly-successful iGaming expo and conference home to 14000 attendees and 500 exhibitors.

Interview with Gregor Rozic, Sales Manager at GameART

July 7, 2020

We’ve had the opportunity to talk to GameART Sales Manager Gregor Rozic, who has 10 years of experience in online gaming on casino and poker content.

Interview with Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group

June 30, 2020

We had the opportunity to talk to Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group and member of Advisory board.

Your Message

    Enter Code


    Please enter your email address:

    No account yet? Register here
    Forgot Password? Click here
    Already have an account? Login
    Forgot Password? Click here