Jack Dorsey Launches Bitcoin Initiative

The CEO of Twitter and Square, Jack Dorsey, has joined forces with other bitcoiners to launch what sounds like an anti-FUD lobby.

He is joined by the queen of innovative investment, Ark’s Cathie Wood, and the veteran of bitcoin’s 2016 civil war, Adam Back.

New help comes from none other than a Former Acting and Deputy Director of the Central Intelligence Agency as well as the presidential daily briefer to George W. Bush, including on the morning of September 11, 2001.

Michael Morell, who was almost nominated to head the CIA by the Biden administration and now works as Senior Counselor at the Beacon Global Strategies, has already shown his waring side by publishing in April a report indicating bitcoin isn’t much used for illicit activity.

The B word, is what they calling this offensive, described as “a Bitcoin focused initiative that aims to demystify and destigmatize mainstream narratives about Bitcoin, explain how institutions can and should embrace it, and raise awareness around areas of the network that need support.”

This comes just days after current and former senior civil servants and politicians highlighted during the Bitcoin Miami conference that bitcoin’s industry lacked a voice.

CFTC’s former chair, Chris Giancarlo, pointed out the lack of timely response to crypto criticism, stating th the point of view of bitcoiners needs to get to officials as quickly as any problems arise.

He even suggested sending someone like Vitalik Buterin to speak to the elected, as that can have significant persuasive power.

This is the B word, however, not the crypto word with assets from the wider industry not quite utilized at this stage as the team plans livestream discussions, with Cathie Wood, founder, CEO, and CIO of ARK Invest, stating:

“As the next wave of adopters embrace Bitcoin, we believe stakeholders must play an active role in supporting and sustaining the network.”

Dorsey has put all his bets on bitcoin, at least so far, stating that and that alone will be the internet money. Regarding the initiative, he says:

“As companies and institutions like us are getting into Bitcoin, we all need to better understand how to put the community first and how we may help it thrive, even when it appears to be against our own interests. Doing so will benefit all over the long-term.”

This Dorsey-Wood partnership has just began, with it to be seen what results it will bring, but it is clearly an upgrade in lobbying initiatives as the crypto space gets a louder voice.