Former CEO of Twitter and Bitcoin advocate Jack Dorsey believes that Bitcoin will rise again after the decline.
Tom Phipott, author of the “Military Update” book, said that instead of tweeting about Bitcoin’s fall, Dorsey tweeted about rapper Kendrick Lamar.
Dorsey said in his response to Phipott that he is not currently looking at the value of Bitcoin and is confident that it will always rise in the long run. According to Dorsey, more people are using Bitcoin and adoption is increasing day by day.
I don't watch the price. I know it will always gain in value over the long term as more people are able to use it.
— jack (@jack) May 13, 2022
Bitcoin Keeps Falling
Bitcoin and other Cryptocurrencies keep falling. On May 4, the Fed increased interest rates by half a basis point and announced the largest rate hike in 22 years.
Bitcoin fell from $ 39,000 to $ 31,000 after a little wiggle.
The second blow to Bitcoin came from a place no one expected. Terra’s cryptocurrencies UST and LUNA are almost zero. After this event, Bitcoin fell below $ 30,000.
The largest cryptocurrency is trading at $28,723 at the time of writing, according to Binance data.
