Bitcoin Is Money, Not a Cryptocurrency, Says Jack Dorsey as Block Inc Joins the S&P 500
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG reports that Twitter co-founder Jack Dorsey reaffirmed Bitcoin’s role, stating that Bitcoin is money rather than a conventional cryptocurrency. The remark reinforces Bitcoin as a store-of-value and payments rail within crypto narratives.
Block Inc’s prospective S&P 500 inclusion was flagged on July 21 for a July 23 transition, per COINOTAG. If confirmed, the move would place the payments firm in a benchmark used by institutions, potentially lifting liquidity and passive inflows.
Together, these developments suggest growing cross-asset validation for crypto and fintech equities, expanding institutional adoption and market depth across traditional and digital markets.
Markets await official confirmations from S&P Dow Jones Indices and Block disclosures. The convergence of a monetary Bitcoin narrative with a blue-chip listing underscores a maturation of crypto assets within mainstream markets.