Analysis: If Paul Singe replaces Jack Dorsey as Twitter CEO, or affects the crypto industry

According to reports from Bloomberg and CNBC, Elliot Management founder Paul Singer is trying to replace Jack Dorsey as the CEO of Twitter. He claims that Dorsey's interest and attention is being distracted by Square and is hurting Twitter. Since its return to CEO in 2015, Twitter has underperformed compared to Facebook. Singer's replacement of Dorsey has major political and social implications. Under Dorsey, Twitter has always supported Bitcoin, enabling crypto Twitter to thrive. His replacement also appears to have a greater impact on the 2020 US presidential election. Given that Singer is the Republican's main donor, this is indeed skeptical. Twitter has always been the premier platform for building the crypto community, and Dorsey's enthusiasm and support for Bitcoin have enhanced its atmosphere. Dorsey is reportedly planning to stay in Africa for six months to help his community. Management changes may affect the entire crypto industry and will face restrictions and obstacles like YouTube has recently emerged. Even encrypted users who value anonymity and privacy prefer Twitter. That could change if new management changes Twitter. Square's earnings report shows that half of its revenue in the fourth quarter of 2019 will come from Bitcoin. If he turned his attention completely to him, it would probably not be in a position of losing all for crypto and Bitcoin.