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Twitter CEO Jack Dorsey says bitcoin’s ‘weird as hell’ community inspires him and reminds him of the internet’s early days

"It's the only reason that I have a career - because I learned so much from people like who are building bitcoin today," Dorsey said. ...
jack dorsey speaks onstage at a bitcoin conference
Twitter and Square CEO Jack Dorsey.

  • Jack Dorsey cited the "weird as hell" bitcoin community as the reason for his support of the digital currency.
  • The Twitter CEO chatted with Elon Musk Wednesday about all things bitcoin-related.
  • Dorsey said bitcoin's "always evolving" network reminds him of the internet's early days.
  • See more stories on Insider's business page.

Twitter CEO Jack Dorsey said part of what drives his passion for bitcoin is its community, which he described as being "weird as hell."

Dorsey chatted everything related to the digital asset in a virtual bitcoin conference with Tesla CEO Elon Musk, ARK Invest CEO Cathie Wood, and Square Crypto Lead Steve Lee on Wednesday.

He cited the bitcoin network as his inspiration for supporting the currency.

"It's deeply principled, it's weird as hell, it's always evolving," Dorsey said, adding that its community reminds him of the early days of the internet when he was a kid.

"It's the only reason that I have a career – because I learned so much from people like who are building bitcoin today," Dorsey said.

Dorsey hopes bitcoin can create "world peace" in an environment driven by "too many monopolies of violence."

"It's going to be long-term, but my hope is definitely peace," he said.

Dorsey has become an influencer for cryptocurrency online. The executive's account bio reads "#bitcoin," and he said at Miami's bitcoin bonanza in June that "bitcoin changes absolutely everything. I don't think there's anything more important in my lifetime to work on."

Musk has also been vocal about his support for the digital currency. He and Dorsey have struck up a friendly rapport on Twitter in recent years.

The Twitter CEO invited Musk to speak at Wednesday's event in a series of tweets back in late June. They discussed, among other things, the future of bitcoin and the digital asset's potentially negative effects on the environment.

Wednesday's chat was one of the pair's first public appearances.

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