Twitter CEO Jack Dorsey Reiterates His Belief That Bitcoin Will Be Internet’s Currency

by | Feb 4, 2019 | Bitcoin, Cryptocurrency, Cryptocurrency News

Jack Dorsey | Twitter | Internet |Bitcoin | BTC

Jack Dorsey, the CEO and the Co-founder of Twitter says that he still believes that Bitcoin (BTC) will become internet’s native currency. Dorsey stated this in an interview with American comedian and podcast host Joe Rogan.

Published on Feb. 2, Dorsey stated in the interview:

“[Bitcoin] was something that was born on the internet, that was developed on the internet, that was tested on the internet…It is of the internet.”

The claim hasn’t been the first from the Twitter CEO, in May 2018, he suggested BTC as a great choice for the internet’s native currency. To some extent, Dorsey has a vested interest in the token, being the founder and CEO of mobile payments company Square, which permits its users to trade in Bitcoin.

The interview asked Dorsey if the app will add any another crypto and the CEO curtly replied with a no. Last December, Square was renamed as the company of the year by Yahoo Finance. Square has reportedly generated $43 million in Bitcoin revenue for Q3 2018 and in December last year, Square overtook Coinbase as the most widely Used iOS app to buy BTC. 

Rogan further asked Dorsey about the  pushback in regards to Bitcoin, to which Dorsey suggested to note that  “some of the major banks and their considerations on Bitcoin.” Dorsey noted that:

“They all love blockchain, because of the efficiencies it can create for their business and potentially new business lines,” but then suggested that this technology is “certainly threatening to certain services behind banks and financial institutions, it’s threatening to some governments as well…”

Dorsey went on to predict that the internet is transitioning to a system in which any data that is created will be online permanently. As he sees it. “this is what blockchain helps enable, down the line, and we need to make sure that we’re paying attention to that.” Dorsey also described his vision of the  future of the internet:

“We’re moving to a world in which anything created exists forever, that there’s no centralized control over who sees what, that these models become completely decentralized and all these barriers that we, that exist today, aren’t as important anymore.”

The video of the interview has around 38 thousand dislikes and 5.7 thousand likes. Multiple users have pasted one particular comment, that they claim that Rogan has deleted that negative comments. The users suggests that it is a copy of an originally deleted comment:

“Sargon of Akkad 2k upvoted, DELETED comment “If we have a right to use social media, you have no justification for banning people, Jack.” referring to Jack at 51:21 Copy and paste this.”

Check out the full video of the podcast here:

Read more: Bitcoin(BTC) Could Slide To $1700 By June, Predicts Cryptocurrency Analysts

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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