How much Bitcoin does Jack Dorsey own?

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How much Bitcoin does Jack Dorsey own?

While taking part in the Bitcoin ‘Lightning Torch’ experiment, Jack Dorsey has given the world an insight into how he’s invested in cryptocurrencies.

The Twitter CEO and Co-Founder has been a long-time supporter of Bitcoin and blockchain technology and today he revealed the only cryptocurrency he owns is Bitcoin.

During a Twitter conversation about the Lighting Torch experiment, Twitter user ‘Thomson’ (@ThomsonCrypto) asked; “Jack, which all coins/tokons (sic) you holding?

“I only have bitcoin,” replied Dorsey.

So, how much Bitcoin does Jack Dorsey own?

Soon after the exchange above, this question was put to Dorsey by Bloomberg News Reporter Salina Wang (@Selina_y_wang):

“Why? how much,” she asked

“Enough,” Dorsey promptly responded.

Then in a separate response, Dorsey explained why he only owns Bitcoin.

“Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals. And it’s a great brand,” he tweeted.

Jack Dorsey takes hold of Bitcoin’s ‘Lightning Torch’

If you haven’t heard about the Lightning Torch experiment, you probably haven’t been following crypto twitter very closely lately.

The Lightning ‘Torch’ is actually a Bitcoin payment that’s being passed around the world using the Bitcoin Lightning Network.

The experiment demonstrates how funds can be sent using blockchain technology direct from person to person, without a third party such as a bank.

Each holder of the torch (Bitcoin payment) adds 10,000 Satoshis before using Twitter to identify the next torch holder to send the payment to.

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So far the payment has been passed along by around 150 people, covering almost 40 countries.

#Reckless is being used as the Twitter hashtag to follow the experiment.

The torch was passed to Jack Dorsey this morning by crypto podcaster, Matt Odell.

Dorsey was quick to accept, added his Satoshis then sent to torch on to Elizabeth Stark, the CEO of Lightning Labs.

An Australian company has hired a high-profile early-stage Twitter investor to help build a crypto bank. Click here to read Micky’s report.