Bitcoin Will Become World’s Single Currency Within 10 Years, Says Twitter CEO
Jack Dorsey, CEO of both Twitter and Square, has managed to get his name in the headlines again today after a comment he made about Bitcoin during an interview with The Times.
Speaking of the current cryptocurrency king, Dorsey said that he believes Bitcoin will become the world’s single currency within the next ten years.
If ten years seems fast to you, it’s worth noting that Dorsey actually said that the transition could even happen more quickly than that, something that seems particularly unlikely despite what can only be described as Bitcoin’s huge increase in popularity over the past few months.
“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.”
This would happen “probably over ten years, but it could go faster.”
Of course, Dorsey’s bullish stance on Bitcoin may be slightly far fetched, but it should not come as a surprise at all. As mentioned earlier, he may be the top dog at Twitter but he is also CEO of Square, a company that recently added the option to buy and sell Bitcoin via its Square Cash app on mobile.
Dorsey also has a history of speaking of the benefits of Bitcoin as a currency. He also owns an unknown amount of the Bitcoin cryptocurrency, which may or may not be a good reason for him to hype it up.
Dorsey’s interview with The Times was apparently limited to Square, with the Twitter CEO declining to take questions about the social network. Given the current focus on Facebook and its roll in world affairs right now, that move was no doubt a calculated one.