Twitter CEO, Jack Dorsey has been an active voice in the cryptocurrency community. While he is an influential voice in the world of technology due to his role as the Twitter CEO, he is also the CEO of Square, a mobile payments services company which recently added the ability to buy and sell ฿itcoins on their Square Cash app. In recent interview, Jack Dorsey stated that he holds a firm belief that ฿itcoin will become the global ‘single currency’ in the next ten years.
Jack Dorsey has been an active ฿itcoin advocate in the past and continues to voice support for the cryptocurrency and its future. He gave this statement in an interview with The Times, where he expressed his belief that ฿itcoin is indeed going to become the ‘single currency’--a currency token accepted all around the world.
According to Jack Dorsey, “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be ฿itcoin.” He went on to say that the transition would happen “probably over ten years but it could go faster.”
While Jack Dorsey is among many other eminent names such as Peter Thiel who believe that cryptocurrencies are going to change the world, these latest claims seem rather outlandish. While theoretically, ฿itcoin can become the ‘single currency’ of the world, but going by the way the past few months have been--as prices have been extremely mercurial--falling from $19,000 to $6,000 in a matter of months.
Jack Dorsey has been advocating ฿itcoin for a long time now. In an earlier interview with The Verge, he had stated that ฿itcoin is the ‘next big unlock’ for the world of finance. Jack Dorsey’s Square Cash app too, deals in ฿itcoins now. Square recently released an illustrated children’s book explaining benefits of digital currencies.
Predictions such as these help build a positive sentiment around cryptocurrencies -- and help the prices to rise. It is a very strong statement from a very influential man in the tech world. This statement is very likely to have an impact on ฿itcoin prices in the short run. Cryptocurrency experts have predicted ฿itcoin prices to bounce back later this year and reach a high of as much as $25,000!
Stay tuned for more cryptocurrency news updates.
No comments:
Post a Comment