Twitter CEO Jack Dorsey Predicts Bitcoin Will Be Global ‘Single Currency’

As Twitter prepares to come down on cryptocurrency scams on its platform, the company’s co-founder and CEO Jack Dorsey remains optimistic about the future of one major cryptocurrency. Dorsey predicted in a recent interview that bitcoin is going to become the world’s “single currency” in a decade from now. He believes that the world and the internet will eventually have a single currency and that currency will be bitcoin.

It’s not surprising to see that Dorsey is bullish on bitcoin. Aside from his Twitter duties, Dorsey is also the co-founder and CEO of payments service Square. His other company recently started allowing users to buy and sell bitcoin directly using the Square Cash app. Dorsey has previously referred to Bitcoin as a “transformational technology” for the industry.

“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin,” Dorsey predicted in an interview with The Times. He feels that this transition is going to take place over then years but also highlights the possibility that “it could go faster.”

Some might say that this is an ambitious prediction even though the cryptocurrency hype has skyrocketed over the past year and so have the values. There have been some major dips along the way as well. Bitcoin in particular has lost almost half of its value compared to its peak of around $20,000 a pop in December last year.

Adnan Farooqui
Categories: General
Tags: bitcoin, cryptocurrencies