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Marketcap: $ 2.10 T(0.32%)
24h Vol: $ 59.98 B
BTC Dominance: 48.13%

Jack Dorsey’s Bitcoin Support on Full Display at Super Bowl

The Block CEO Wraps in Satoshi Tribute Clothing

Twitter and Block co-founder Jack Dorsey made headlines at the 2022 Super Bowl for wearing a T-shirt paying tribute to Bitcoin’s anonymous creator, Satoshi Nakamoto. Dorsey, who now leads the payments company Block full time after leaving Twitter last year, sported a black T-shirt with the word “Satoshi” in large letters.

Dorsey was photographed at the event alongside celebrities like Jay-Z and Beyonce, further highlighting his support for the cryptocurrency. Since leaving Twitter, renamed X, Dorsey has refocused his attention on Block and its initiatives centered around the Bitcoin network.

Dorsey has been an outspoken Bitcoin proponent for years, promoting it frequently through X posts and financially backing related projects like the decentralized mining pool OCEAN. Block has also launched its own Bitcoin wallet for multi-signature custody.

Industry Coming off FTX Collapse

Though crypto had a heavy presence at last year’s Super Bowl through sponsorships and advertisements by exchanges like Crypto.com and FTX, this year’s event saw little crypto marketing following FTX’s shocking collapse. Google searches for Bitcoin also remain at lowered “bear market” levels.

However, the price of Bitcoin has rebounded to around $50,000 recently after the introduction of Bitcoin spot ETFs in the U.S., giving institutions easier access to the cryptocurrency.

NFL Players Taking Crypto Salaries

Some NFL players like Saquon Barkley and Odell Beckham Jr. have chosen to take portions of their salaries in crypto in recent years, highlighting the growing adoption even within professional sports.

Dorsey’s Continued Crypto Advocacy

All told, Dorsey’s Satoshi T-shirt at the Super Bowl represents his continued advocacy for Bitcoin and the crypto industry more broadly, even as the market undergoes a difficult period of rebuilding after the damaging events at FTX.

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