Twitter CEO Jack Dorsey supports Bitcoin by adding BTC emoji

Jack Dorsey, the CEO and co-founder of Twitter, has recently revealed the platform’s newest feature in a tweet posted this Sunday. The feature in question is a Bitcoin emoji, which appears when the user writes a hashtag alongside ‘Bitcoin‘ or ‘BTC.’

Dorsey demonstrated the new emoji by adding it to his own Twitter bio, once again showing his support for Bitcoin and cryptocurrencies, in general. In one of his tweets, Dorsey also tagged Unicode, which is the consortium that manages standards for characters.

While he did not explain what he meant by it, simply writing: “#bitcoin cc: @unicode,” many have taken it as a suggestion that Unicode should do the same.

The new emoji might increase exposure

As expected, the addition of the new emoji has caused quite an avalanche of #bitcoin tweets, and a lot of excitement among the crypto community on Twitter. Even some of the most influential, high-profile individuals have decided to test it, such as Binance’s CEO, Changpeng Zhao. Zhao, alongside Binance, encouraged the community to share the hashtag and try to get #bitcoin to trending.

Many other influential individuals in the crypto community have joined the move as well, including TRON’s Justin Sun, the Lightning Network’s Elizabeth Stark, as well as Dorsey’s Square Crypto. Unfortunately, #Bitcoin has not reached trending as of yet, although it did see quite a massive spike in usage yesterday, February 2nd.

This may have had another consequence, which is a surge in BTC price, which grew past $9.500 earlier today. However, the price got rejected after this brief breach, and it is currently at $9,376.

However, with Dorsey’s addition of a Bitcoin emoji, Crypto Twitter started demanding emojis for other popular projects.

Dorsey has made other moves to contribute to the crypto space, including constant mentions and promotions, as well as last year’s announcement in which he announced that Square would hire more BTC developers to contribute to the ecosystem.

In December 2019, he announced that Twitter would fund a team dedicated to creating a decentralized standard for social media, and in late January 2020, a Square representative wrote that it is only a matter of time before BTC payments become as common as cash.