Block's decision to shut down Cash App in the UK underscores the complexities fintech firms face in balancing global ambitions with market-specific strategies.
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While the dollar is currently the most favored currency in international transactions, he says Bitcoin will, in a couple of years, ascend to global supremacy.
Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto.
Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.
Dorsey criticizes Bluesky's move from decentralization, stressing the importance of adhering to a protocol that supports free speech.
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