Twitter CEO Jack Dorsey Still Believes Bitcoin Will be the Native Currency of the Internet

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Twitter CEO Jack Dorsey Still Believes Bitcoin Will be the Native Currency of the Internet

Bhushan Akolkar
By Bhushan Akolkar
Posted on Feb. 3, 2019
Twitter CEO Jack Dorsey Still Believes Bitcoin Will be the Native Currency of the Internet

While Bitcoin is currently going through the longest bear market in the history, there are some Bitcoin maximalists and enthusiasts who believe in its long-term potential. Twitter CEO Jack Dorsey recently spoke about the merit he sees in Bitcoin and the potential impact it can have in future. 


During the podcast interview dubbed “JOE ROGAN EXPERIENCE #1236” Dorsey said that Bitcoin meets all conditions that make it the native currency of the internet. Dorsey stated:


“I believe the Internet will have a native currency and I don’t know if it’s Bitcoin. I think it will be [Bitcoin] given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet, [and] it is of the Internet.”


Jack Dorsey - A Long-Time Bitcoin Proponent


This was certainly not the first time that Dorsey was strongly putting his optimistic views for Bitcoin. The Sunday Times recently published a report saying that Dorsey was optimistic throughout the 2018 bear cycle. Sharing his “dream”, The Sunday Times quoted Dorsey saying:


“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin … (It would happen) probably over ten years, but it could go faster.”


Jack Dorsey is also said to be working with his team to produce and present complex ideas into simple comprehensible form. During the latest podcast, Dorsey said that his team has created a children’s book explaining concepts like Bitcoin in simple and lucid manner. 


“We even made a children’s book explaining what Bitcoin is and where it came from and how people use it and where it might be going.”


Dorsey has been openly voicing his views about Bitcoin and cryptocurrencies and has engaged in several healthy discussions on this topic. Dorsey also continues to believe in the idea of FinTech and decentralization.

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