Jack Dorsey Promotes Bitcoin Over Social Media Exploitation at Africa Bitcoin Conference

CEO of Block Inc., Jack Dorsey, made a provocative statement during the Africa Bitcoin Conference, criticizing social media platforms for exploiting users without compensation. He compared their model to Bitcoin’s decentralized system, advocating for user-owned protocols and data ownership. This has spurred positive market reactions for Block Inc., with shares increasing by 4.65%. Dorsey believes that control of user data should be returned to the individuals, rather than private companies. His comments highlight the growing interest in Bitcoin as a potential alternative to the established social media model.