In an interview with British newspaper The Times of London, CEO of Twitter and payment service Square, Jack Dorsey said that he envisions Bitcoin as the world’s single future currency within 10 years.
Jack Dorsey has commented on his strong conviction in the upcoming potential of Bitcoin. Bitcoin, a leading cryptocurrency will overtake the US dollar within a decade, 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 bitcoin.”
Furthermore, he believes that Bitcoin’s primary appearance will take “probably over ten years, but it could go faster”
Surprisingly, Jack Dorsey is more enthusiasts about Bitcoin. Although, he is the CEO of Square, a payment service platform, recently add on the option to trade Bitcoin directly from the Square Cash app.
Previously, Dorsey said that Square will emphasis on additional options for accessing Bitcoin via Square Cash App, naming it a “transformation technology for our industry”
Furthermore, he also noted to the British newspaper that he disbelieves about the Bitcoin capabilities to become an effective currency.
“It’s slow and it’s costly, but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable.”
The firm also introduced an illustrated children’s story hyping the advantages of the cryptocurrency.
Fascinatingly, Dorsey traveled to London for an interview as part of a marketing tour for Square. It was also reported that he refuses to answer the Twitter-related questions in the interview.
Seemingly, the causes of fixing his other company’s problem of abuse, toxic culture, and hateful conduct are unexciting than pretending to reinvest the financial system of the world.