2019-2-3 19:41 |
Jack Dorsey, the CEO of the popular social network Twitter, remains very bullish about Bitcoin (BTC) and its future. During Joe Rogan’s podcast, Mr. Dorsey, who is also the CEO of Square, said that he believes that Bitcoin will be the native currency of the internet.
The interview with Dorsey was published on Saturday and it was a two-hour long conversation about many different issues such as Twitter censorship, Donald Trump or the future of the internet, among other things.
About Bitcoin being the currency of the internet, Dorsey commented:
“I believe the internet will have a native currency and I don’t know if it’s Bitcoin. I think it will be Bitcoin given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet and it is of the Internet.”
Bitcoin was created by Satoshi Nakamoto in 2008 during the world’s financial crisis. The intention was to create a peer-to-peer currency that would not be controlled by banks and financial institutions but it will be controlled by code and mathematics.
Dorsey talked about the decision to integrate Bitcoin into the Cash App that Square launched. He explained that the intention was to learn about technology and take some risks related to digital currencies. He went on saying that they were the first publicly traded company that started to offer the digital asset as a service. At the same time, Dorsey said that they were also the first company that talked to the U.S. Securities and Exchange Commission (SEC) about Bitcoin.
As per the CEO of Twitter, Bitcoin enables more access, to serve more people, to move money in a faster way all-over the world, and this is why they’ve decided to start offering users the possibility to buy or sell Bitcoin in a simple way.
Using the Cash App there are some restrictions for those that want to purchase Bitcoin. Users cannot use credit cards if they want to own a Bitcoin or just a piece of it. During the bull run that the market experienced back in 2017 was very harmful to several investors that took credit to purchase the most popular digital asset. Nevertheless, the market dropped and they’ve lost everything they’ve bet on Bitcoin.
In the past, Jack Dorsey said that he expects Bitcoin to become the world’s single currency in about ten years. Whether this is about to happen remains to be seen.
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