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Bitcoin Advocate Jack Dorsey Believes BTC Price Will Again Rise: Here's Why

Published 14/05/2022, 15:34
Updated 14/05/2022, 16:10
© Reuters.  Bitcoin Advocate Jack Dorsey Believes BTC Price Will Again Rise: Here's Why

Twitter Inc (NYSE: NYSE:TWTR) founder and an avid Bitcoin (CRYPTO: BTC) bull Jack Dorsey has said that the price of the apex crypto will again rise after the recent plunge.

One of Dorsey’s followers, named Tom Philpott, tweeted on Friday about Bitcoin’s recent plunge and how Dorsey has been focusing his attention on topics other than BTC.

After touching its high point at $69,000 last November, the price of Bitcoin has fallen more than 58 percent.

On Friday, it was trading at $30,000, and on Sunday, at the time of writing, it is trading below $29,000. The price of BTC has dropped almost 20% in the last seven days.

Many analysts predict Bitcoin could fall to $20,000 sometime this year.

On Wednesday, Block Inc (NYSE: SQ) CEO Dorsey compared the rival company Coinbase (NASDAQ:COIN) Global, Inc (NASDAQ: COIN) with a casino.

Photo: Ryan Lash/TED via Flickr Creative Commons

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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