Today is Super Tuesday — one of the biggest days of the U.S. election primary season. Increasingly, prediction markets and pollsters suggest it’s coming down to a two-person race between Joe Biden and Bernie Sanders (although Mike Bloomberg has insisted he’s staying in).
It’s ‘Super Tuesday’ in the U.S., and as Democrats take to the polls to pick their nominee, @nlw polled Twitter to see who the crypto community thought would be best for bitcoin (BTC) and the industry.
In this episode, NLW breaks down each candidate in the context of their positions vis a vis cryptocurrency, and looks at the possible role of three other fallen contenders during the rest of the campaign.
As Bernie leads the Twitter poll, the question arises: Do people think Bernie will be good for bitcoin because he shares the same values of prioritizing the little guy over big banks, or because his programs will demand so much quantitative easing (QE) it will send bitcoin to the moon?
New Twitter Investor May Remove Bitcoin Advocate Jack Dorsey as CEO
Elliott Management Corp. – an activist investor owned by billionaire Paul Singer – has plans to shake up the management at Twitter.
As reported by Bloomberg on Saturday, Elliott has taken a large stake in the social media messaging platform and, according to «people familiar with the matter,» has plans to remove Jack Dorsey as CEO.
The hedge fund has already nominated four directors to Twitter’s board, the sources said.
Dorsey is also the chief of payments firm Square and has become a darling of the crypto community for his advocacy of bitcoin. He recently integrated a feature on Twitter that would display an icon for cryptocurrency if the #bitcoin tag was posted.
Dorsey has also set up a dedicated unit within Square to work on helping advance bitcoin’s technology. Square’s Cash App offers bitcoin services, which provided almost half its revenue in Q4 2019.
In his time as Twitter’s commander-in-chief, though, he’s seen criticism over his management style, with the platform failing in some people’s eyes to be sufficiently innovative and focusing instead on its core messaging service.
Since Dorsey returned to lead Twitter in mid 2015, the firms stock have dropped 6.2 percent. Facebook’s, on the other hand, have risen more than 121 percent over the same period, as per the report.
Bloomberg’s sources suggested that, with three board places to become available at the firm’s next annual meeting, Elliott wanted to be sure to nominate enough candidates to fill the openings.
The investment firm has been in private talks with Twitter about its concerns, Bloomberg said.
