Jack Dorsey supports Ethiopia’s Eth, not Ethereum, in a recent twitter post.
Jack Dorsey finally tweeted “eth” , but those who hoped it was a sign of his support for Ethereum were disappointed.
In fact, the tweet in question does not mean Ethereum but Ethiopia and it is evident because it is accompanied by the African state flag.
— jack (@jack) July 22, 2021
Unraveling the mystery and dispelling any doubts was the official account of the 2021 Tokyo Olympics that thanked Jack Dorsey for supporting Ethiopian athletes.
Certainly Jack Dorsey was aware that the tweet would have generated hilarity and even confusion. In fact, it was a way to spread the word about this Twitter news: Twitter associates the flag with the abbreviations of the names of countries. When you abbreviate Ethiopia to eth , Twitter also automatically returns the African state flag.
And that happens to every other country in the world. Try to believe.
The fact is, while those who write “Bitcoin” or “BTC” see the logo associated with the famous letter B, those who write Eth don’t see the symbol for Ethereum, but the flag of Ethiopia. And as the Bitcoin Meme Hub account pointed out, that’s not good for Ethereum users.
— Bitcoin Meme Hub 🔞 (@BitcoinMemeHub) July 23, 2021
Jack Dorsey does not support Ethereum
Jack Dorsey is a maximalist bitcoin. Along with Cathie Wood, he appeared in The B Word, in which he confronted Elon Musk. He has been actively promoting bitcoin for some time, so that institutions understand its potential. His company Square, for example, is currently working on a portfolio of hardware for bitcoin. Together with Ark Invest, he is working on a clean bitcoin mining project.
However, their investment plans don’t seem to include Ethereum. The second-largest cryptocurrency by capitalization does not seem to be to the liking of the founder of Twitter, who neither owns it nor plans to buy it, as he confirmed a few weeks ago.
Given all this, even the tweet associating the Ethiopian flag with “Eth” can be interpreted as yet another confirmation of its support for bitcoin, leaving no room for other cryptocurrencies.