dorsey twitter bitcoin

Twitter Founder Jack Dorsey Says Bitcoin Will Be Number One Currency


Twitter founder Jack Dorsey has gone on record with The Times stating Bitcoin will become the world’s single currency.

“The world ultimately will have a single currency, the internet will have a single currency, I personally believe it will be Bitcoin”


Dorsey is one of Silicon Valley’s leading star entrepreneurs who co-founded Twitter and Square. Dorsey states Bitcoin will overtake the dollar as global currency of the internet before 2028, within the next decade.

Why a Decade?

Dorsey does believe that Bitcoin in its current state is not practical for everyday transactions due to slow transaction speeds and higher than desired fees. He does believe that the innovations to solve these problems are promising and will ultimately make it feasible one day for day-to-day transactions, like buying a coffee.

jack dorsey

It seems Dorsey is not just talking the talk and is helping to make sure the practicality of Bitcoin as a global currency becomes a reality. Last week Dorsey revealed he was one of the investors in a $2.5 million seed funding round for Lightning Labs, a tech start-up that develops protocols to increase the speed and decrease the costs of using blockchain and smart contracts.

Dorsey’s bullish stance on Bitcoin came as a bit of a surprise as he’s been under fire in the recent months by the crypto community for deciding to ban cryptocurrency related ads on the Twitter platform as well as shadow banning many crypto user’s accounts. On the other hand, Dorsey has integrated Bitcoin functionality with his Square/Cash App, where users can send transactions, buy, and cash out with Bitcoin. As Dorsey is a leader in Silicon Valley who himself is investing in the success of Bitcoin’s future, it seems his prediction on Bitcoin does hold some merit.


Related Posts

You may like these post too

pine apple fund

Anonymous Bitcoin Donor Gives $1Million Bitcoin Donation To Internet Archives

Japanese Internet Monolith GMO to Launch Yen-Pegged Stablecoin

Cash App Opens Bitcoin Sales To All 50 States


Joe Rogan Discusses Potential of Cryptocurrencies With Tony Hinchcliffe

roger ver cry

Stress Testers Start 51% Attack On Bitcoin Cash To Test Usefulness


Cryptocurrencies Legitimized in SEC Meeting on Oversight Of Virtual Currencies