What Jack Dorsey Leaving Twitter Means for Bitcoin

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This episode is sponsored by NYDIG.

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On right now’s episode, NLW appears to be like at two subjects. The first is the market crash that left bitcoin down 8.5% on Friday, solely to partially get well over the weekend. NLW appears to be like on the mixture of macro components – led by the Omicron COVID-19 variant – that will or could not have contributed to the turbulence. Second, he appears to be like on the announcement that Jack Dorsey is stepping down from the CEO function at Twitter, to get replaced by Chief Technology Officer Parag Agrawal. What will this imply for bitcoin? Will Jack be spending extra time on the cryptocurrency now? And what about Ethereum? Will a Web 3 blocker inside Twitter now be eliminated? What about censorship and the Twitter platform itself?

See additionally: Bitcoin Holds Support at $58K, Jack Dorsey Resigns as Twitter CEO

“The Breakdown” is written, produced by and options Nathaniel Whittemore aka NLW, with enhancing by Rob Mitchell, analysis by Scott Hill and extra manufacturing assist by Eleanor Pahl. Adam B. Levine is our govt producer and our theme music is “Countdown” by Neon Beach. The music you heard right now behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit score: Cole Burston/Bloomberg/Getty Images, modified by CoinDesk.