One of Dorsey’s followers, named Tom Philpott, tweeted on Friday about Bitcoin’s recent plunge and how Dorsey has been focusing his attention on topics other than BTC.
Fascinating to see #bitcoin boy @jack tweeting so much about Kendrick Lamar while #Bitcoin burns.
— Tom Philpott (@tomphilpott) May 13, 2022
Dorsey responded to the tweet, saying he is not looking at the collapsing Bitcoin price, and he is certain that the BTC price will bounce back.
I don’t watch the price. I know it will always gain in value over the long term as more people are able to use it.
— jackï¿½ (@jack) May 13, 2022
Also Read: Jack Dorsey’s Block Would Shine If It Wasn’t For Bitcoin Holding It Back, Says Analyst
After touching its high point at $69,000 last November, the price of Bitcoin has fallen more than 58 percent.
On Friday, it was trading at $30,000, and on Sunday, at the time of writing, it is trading below $29,000. The price of BTC has dropped almost 20% in the last seven days.
Many analysts predict Bitcoin could fall to $20,000 sometime this year.