Block CEO Jack Dorsey Favors RFK Jr. For President

Jack Dorsey, the former CEO of Twitter and current CEO of Block (aka Square), tweeted that Democratic candidate RFK Jr. could beat both Donald Trump and Ron DeSantis in the 2024 presidential election. When pressed what this meant, he replied that this was both a prediction and an endorsement.

Robert F. Kennedy Jr. is the son of Robert Kennedy who was assassinated in 1968.

RFK Jr. is a strongly pro-bitcoin, pro-cryptocurrency candidate. A potential motive behind Dorsey’s support is that Block has not only cumulatively invested $220M in bitcoin itself but also that the company depends on selling bitcoin for nearly half of its overall revenue. Block recorded $7.1B in bitcoin revenue in 2022 and $10B in bitcoin revenue in 2021. That only amounted to 3% and 5% of the total gross profit for each year respectively, however.

RFK Jr. recently spoke at a bitcoin conference in Miami, he accepts campaign donations in bitcoin, and he was recently quoted as referring to bitcoin as “freedom money.”