Jack Dorsey, co-founder of Twitter and Block, Inc., responded to Elon Musk’s post about Bitcoin, agreeing that energy-backed Bitcoin is superior to fiat currency. Dorsey has previously reminded Musk of Bitcoin’s virtues. Tesla purchased $1.5 billion in Bitcoin in 2021, then divested 75% in 2022 but still holds $1.3 billion. Musk confirmed his political party will “embrace” Bitcoin. Block, Inc. offers Bitcoin-friendly products like Cash App wallet, Bitkey hardware wallet, and Proto mining system. The company recently joined the S&P 500 index. Dorsey predicts Bitcoin’s market value will exceed $20 trillion by 2030, leading to a price of at least $1 million.

Read more at Yahoo Finance: Jack Dorsey drops one-word response to Elon Musk’s latest Bitcoin endorsement