Twitter founder Jack Dorsey says Bitcoin price to go up again

After the recent plunge, Twitter Inc founder and avid Bitcoins BTCUSD bull Jack Dorsey has said that the price of the apex criptocurrency will go up again.

One of Dorsey followers, named Tom Philpott, posted on Friday about the recent plunge of Bitcoins and how Dorsey has been focusing his attention on topics other than BTC.

Dorsey responded to the tweet, saying he is not looking at the collapsing Bitcoin price, and he is certain that the BTC price will bounce back.

It was trading at $30,000 on Friday and it is trading below $29,000 at the time of writing. The price of BTC has dropped almost 20% in the last seven days.

On Wednesday, Block Inc SQ CEO Dorsey compared Coinbase Global, Inc. COIN to a casino.

Photo: Ryan Lash TED via Flickr Creative Commons