Don Chris

Jack Dorsey and Jay Z to set up 500 BTC blind Bitcoin trust in India

Twitter CEO Jack Dorsey, Jay-Z Announce Bitcoin Endowment ‘Btrust’ With Initial Focus on India, Africa We now know what Jack Dorsey and JAY-Z were discussing on the day they were spotted doing yoga together, a Bitcoin endowment fund entitled, “Btrust,” that will focus on India and Africa.  On Friday Dorsey announced on Twitter he, along with JAY-Z, was giving BTC 500 in order to start the fund. “It’ll be set up as a blind irrevocable trust, taking zero direction from us,” said Dorsey.  Dorsey also announced there would need to be three board members to start the fund and provided a Google form link to a board member application. “The reason I have so much passion for Bitcoin is largely because of the model it demonstrates: a foundational Internet technology that is not controlled or influenced by any single individual or entity,” Dorsey said while explaining his passion for Bitcoin.   Do you think Bitcoin will take over as the main currency in the future?