Twitter CEO: Bitcoin will be the world’s ‘single currency’ in 10 years

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Twitter and Square CEO Jack Dorsey apparently has big visions for bitcoin, commenting in a recent interview with The Times that he believes that the cryptocurrency will become the world’s single currency within 10 years.

According to Dorsey, “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.” Dorsey went on to say that the transition would happen “probably over ten years, but it could go faster,” which seems like an extremely unrealistic projection, even considering cryptocurrency’s meteoric rise in popularity over the past few months.

That Dorsey is a fan of bitcoin isn’t too surprising, though. In addition to serving as the CEO of Twitter, Dorsey is also the CEO of Square, which recently added the option to buy and sell Bitcoin directly from the Square Cash app. The company also released an illustrated children’s story touting the benefits of the digital currency. As for Dorsey himself, he’s gone on the record in an interview with The Verge’s own Lauren Goode about the benefits of bitcoin as a currency, describing it as the “next big unlock” for the world of finance. (Dorsey owns an unspecified amount of the cryptocurrency.)

Interestingly, Dorsey was in London for the interview as part of a promotional tour for Square, where The Times reports that he declined to take any questions about Twitter. Apparently, the issues of fixing his other company’s toxic culture, problems of abuse, and hateful conduct are less interesting than pretending to reinvent the world’s financial system.

Comments

I call bullshit. But the article already did that so..

The man can barely run his own website well.

It won’t happen.

If the Euro has taught as anything, monetary unions are terrible for non-prosperous countries.

A lot of startups have been creating their own coins in order to raise capital and be more vertically integrated. Fiat money might be phased out some day, but altcoins will always be a thing (as they should). He has no idea what he’s talking about.

Yeah, not sure what Dorsey’s been smoking…

But I know what he’s been investing in.

He probably invested when BTC was $20k and now he’s trying to ignite another rally.

you’re delusional, he’s been investing since it was $20

Trust this guy, twitter knows money! They have an endless reserv…what’s that, they still have no money? Oh, nvm, moving on.

Well Square basically deals with money so there’s that.

I deal with money too, and I say Dogecoin is going to be the single currency!

I found a penny once. My money’s on Litecoin going mainstream!

no it wont. and he has no clue what he’s talking about if he thinks that

sounds more like he’s got an agenda and wants it to succeed. look for Twitter (or affiliates to start looking into crypto currecny for their online use, and the desire to make it mainstream)

Hahahahaha
Some of these tech guys are so oblivious it’s ridiculous.
Old people won’t touch bitcoin with a barge pole and absolutely nobody uses it to pay for(legal) stuff so no, it really won’t be.
Unless Apple get into bitcoin of course

I may be an outlier, but I’ve literally only used Bitcoin to buy legal stuff so far…

Also, old people have a tendency to not be around forever.

You couldn’t be more of an outlier unless you were a Dark skin albino. Way too many things wrong with Bitcoin for the majority of people to buy anything legal with it. Illegal purchases just make way more sense. Transaction times are just too slow. And a lot of young people don’t want to spend Bitcoin just for the price of Bitcoin to wildly fluctuate afterwards. It’s better for speculation.

I do think crypto could be the future, just not Bitcoin in its current form.

I buy legal stuff with bitcoin too.

Illegal stuff doesn’t make sense to buy with bitcoin… All those transactions are publicly viewable on the ledger…

As opposed to putting it on your credit card statement it makes sense, we’re talking online not real life so it’s the least worst option

But hackers are demanding ransoms in Bitcoin. What am I missing? If it’s so traceable, I don’t get why they’d do that.

The vast majority of money ‘spent’ never touches human hands, so no one really cares if old people are scared of ‘computer money’. I don’t agree with the CEO, but companies will do what makes them the most money… And if that’s converting to Bitcoin, then they will.

Don’t be silly. The people with the most cash are generally older, the buisness that ignores this generally fail

Unless Apple get into bitcoin of course

And name it Notchcoin, gonna be adopted/copied in a jiffy!

Bwah ha ha

@jack is #complicit

mhmm ok so basically he invested in Bitcoin and now is trying to get its value to rise?

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