Twitter CEO Jack Dorsey and owner of crypto company Square, has confirmed his stance that bitcoin will one day become the global currency of the internet. In the latest cryptocurrency news, we read what else he had to say.
While speaking in an interview with Quartz, the Twitter CEO Jack Dorsey became extremely popular for his support for the number one cryptocurrency and quickly became a Bitcoin advocate since he believes that the cryptocurrency has the ability to change the financial system. He stated:
“This is our one opportunity to align every community, and every country, around the world, which I think provides a lot of clarity, enables a lot more innovation, and most importantly, creates a probability of much greater access for more people.’’
Bitcoin is now surging again and its strength is reassuring the public’s consciousness about its possibilities and technology. The media attention is at a high level as well. For Dorsey, the cryptocurrency is one of two ‘’big secular trends’’ in the finance systems around the world and Bitcoin being the amazing brand that it is, will take the poll position. The other trend will be going to an algorithm deployment. He continued:
“Because (BTC) is a scarce resource, it has a probability of always increasing in value, which makes you consider a lot more how you spend it. Because you know that spending it today—it might go up in a week. And purchasing coffee, or a new sofa, with that really puts everything in perspective. Do I really need this? So from a psychological perspective, I think that’s interesting.’’
As it was reported previously in one of the best cryptocurrency news sites, Dorsey became popular among crypto users this year when he joined on the bitcoin bandwagon and publicized a transaction relay in order to demonstrate how effective the Bitcoin Lightning Network is. He revealed plans to integrate cryptocurrency functionality in his social media company but also for Square as well and he even offered a Bitcoin wallet in his Cash app in 2018.
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When asked about alternatives to Bitcoin, Dorsey mentioned Facebook’s GlobalCoin:
“…We need a currency for the internet. And the internet being an entity that isn’t controlled by any company or any one government, that is for the world and for the people of the world.’’
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