Jack Dorsey, the founder of popular social media app Twitter and of the widely used payment processing service Square, has long been a notable proponent of Bitcoin, previously stating that he believes BTC could one day be the singular global currency.
Now, Dorsey is further doubling down on his bullishness for Bitcoin and crypto in general, explaining in a recent interview that he believes the internet – much like a country – will soon need to have a currency native to itself. But will Bitcoin be able to fill this need, or will upcoming centralized cryptos, like the one being offered by Facebook, pose stiff competition?
Dorsey: The Internet Will Have a Currency Native to Itself One Day, Will It Be Bitcoin?
Jack Dorsey has recently been investing heavily in Bitcoin, noting earlier this year that he was buying $10,000 worth of BTC each week. In the time since, it is highly likely that he has made a great profit on these investments, which may have further confirmed his belief about the future of Bitcoin.
In a recent interview with Quartz, Dorsey explained that he believes blockchain and cryptocurrency are one of the imperative trends taking place in tech and