Twitter CEO Says Bitcoin Will Be the World’s ‘Single Currency’ in 10 Years
Twitter CEO Jack Dorsey is optimistic about bitcoin, saying that the cryptocurrency will become the world’s single currency within 10 years.
According to Dorsey, “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.” Dorsey went on to say that the transition would happen “probably over ten years, but it could go faster,” which seems like an extremely unrealistic projection, even considering cryptocurrency’s meteoric rise in popularity over the past few months.
That Dorsey is a fan of bitcoin isn’t too surprising, though. In addition to serving as the CEO of Twitter, Dorsey is also the CEO of Square, which recently added the option to buy and sell Bitcoin directly from the Square Cash app. The company also released an illustrated children’s story touting the benefits of the digital currency.
Dorsey in an interview with the Verge described bitcoin as the “next big unlock” for the world of finance. (Dorsey owns an unspecified amount of the cryptocurrency.)
There have been speculations about the future of cryptocurrency in the past few years. Recentkly, Google said it will ban Ads displaying promoting cryptocurrency and initial coin offerings (ICOs) from June 2018