2021 started off on a good note for the crypto-verse as Bitcoin rose up to a high of $40K. The United States, however, was subject to extreme unrest. The world had only seen such things in movies, a few citizens of America turned reel into reality by attacking the US Capitol. While Trump was scheduled to give up his office to Joe Biden, Trump’s supporters stormed into Capitol Hill protesting Biden’s win. Several deaths and arrests later, numerous social media platforms decided to ban Trump as he was expected to insinuate and prolong the riots.
Bitcoin’s Zero Association With Any Entity Lauded By Dorsey
Just as the news of Trump’s second impeachment came through, the CEO of Twitter Jack Dorsey pointed out the reasons behind this ban. Dorsey made it clear that he does not “celebrate or feel pride” in confirming the permanent ban on Trump. He affirmed that the social media platform had taken this decision after a series of warnings as well as the best information received by them.
Dorsey pointed out that Twitter’s latest action was right for the social media platform. He said,
“We faced an extraordinary and untenable circumstance, forcing us to focus all of our actions on public safety. Offline harm as a result of online speech is demonstrably real, and what drives our policy and enforcement above all.”
This was further continued by the importance of transparency. Now coming to Bitcoin, Dorsey revealed why he had “so much passion for Bitcoin”. The network’s zero dependency on centralized institutions has lured numerous individuals. Dorsey suggested that he was one among them. He tweeted
Dorsey has time and again exhibited his interest in the crypto industry and aiding those who are a part of it with Square.
Bitcoin seemed to be back in action after a few retracements. During the time of writing, BTC was trading for $38,585 with a 13.31% surge in the last 24-hours. Apart from this, the global crypto market cap had found its way back to $1 trillion.