Do you believe in bitcoin? Are you convinced that CryptoCurrency is here to stay for real? Well, I think you should meet someone who believe more than these. Someone who has strong belief in the future potential of bitcoin.
The chief executive of Twitter and payment company Square, Jack Dorsey, has spoken of his strong belief in the future potential of bitcoin.
The Times published an interview yesterday, where Jack Dorsey, a noted bitcoin investor, said he believes the cryptocurrency will take over the U.S. dollar’s dominant place in world finance and become the primary global currency for payments.
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Suggesting the shift could happen in 10 years or perhaps less, the entrepreneur said:
“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.”
While conceding that bitcoin is faced with scaling issues right now, making it “slow and costly,” Dorsey nonetheless argued that new solutions will ease that difficulty in the end.
“As more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable,” he said.
What do you have to say about Jack Dorsey faith? A prophecy or just an ordinary talk? Drop your comments below so we know what you think. And you can also subscribe to our newsletter below.