Jack Dorsey Teases the Legendary Bitcoin Day Faucet to Restart on April 6

Jack Dorsey’s post hinted at restarting the original Bitcoin Faucet “Bitcoin faucet” giveaway extravaganza on April 6, 2026, sparking heated discussion in the community about early crypto coin promotion.

Recreating the early distribution mechanism to pay tribute to Gavin Andresen

Jack Dorsey shared on X a webpage link titled Bitcoin Day Earn Free Bitcoin “Bitcoin Day, Earn Free Bitcoin,” drawing high attention from the cryptocurrency community. The page is hosted by AWS CloudFront, and its content teases that the “Bitcoin faucet” will return on April 6, 2026, along with a countdown timer. The move is seen as a tribute to the 2010 software developer Gavin Andresen. Back then, the “Bitcoin faucet” was designed to let the general public obtain Bitcoin worth virtually nothing in the market at the time through simple captcha code interactions. Although the official has not yet disclosed the specific total amount to be distributed and participation details, the restart of this historic promotional approach has already succeeded in driving community talk.

Looking back at the historical impact of the 2010 Bitcoin faucet

The “Bitcoin faucet” has iconic significance in the history of cryptocurrency development. In 2010, Gavin Andresen, in order to increase Bitcoin adoption, deposited personally held assets into a website and gave them away for free to visitors who completed verification; the amount given out per round once reached as high as 5 bitcoins. Within several months of the mechanism running, a total of about 19,700 bitcoins were distributed. If estimated based on today’s market conditions, the total value of the assets distributed back then was already in the tens of billions of dollars. This strategy of “getting Bitcoin with zero barriers” succeeded early in lowering the entry threshold, bringing this emerging technology to more developers and enthusiasts, and laying the foundation for community development. The restart plan for this “Bitcoin Day” is viewed as an attempt to rekindle the spirit of the early community and promote mainstream adoption.

Current cryptocurrency market volatility and price trends

The backdrop for this event comes at a time when the Bitcoin BTC market is undergoing a significant consolidation phase. After Bitcoin hit an all-time high above $120k in November 2025, the market has faced its most notable drop since 2018 over the past six months, influenced by changes in macroeconomic conditions and investors’ risk appetite; the price decline has been about 50%. Entering March 2026, the value of Bitcoin is seeking support around the $60k level. According to the latest market outlook, as of the time of this report, Bitcoin is trading at roughly $67k; people across the board are closely watching whether these large-scale promotional activities can improve the currently weak market sentiment, attract a new batch of users into the digital assets space, and ease the downside pressure from the past six months.

Jack Dorsey remains active in the community, and the performance of the Block company he leads (stock ticker: SQ, mentioned in the article as XYZ) in terms of asset allocation is also drawing attention. Since October 2020, the company has been a long-term holder of about 8,883 bitcoins, with an average acquisition cost of $32,939 per coin. Although the recent market price has been significantly corrected from last year’s peak, based on the current market price of about $67k, the book profit on this investment is still maintained at around 102.92%, with a total value of approximately $590 million. Currently, Block’s market capitalization is about between $36 billion and $37 billion.

This article Jack Dorsey previews that the legendary “Bitcoin Day” faucet will restart on April 6 first appeared on Chain News ABMedia.