0
📰 News
620 views

Bitcoin Prediction from Twitter CEO Gives Hope to Crypto Enthusiasts

  • Alex Dovbnya
    📰 News

    Twitter’s CEO reiterates his support for the world’s flagship cryptocurrency, dismissing the plethora of Bitcoin competitors


Bitcoin Prediction from Twitter CEO Gives Hope to Crypto Enthusiasts
Contents

Bitcoin, after its steep decline in 2018, has become a punching bag for crypto critics. However, Twitter CEO Jack Dorsey has made it clear that he’s not on their team by stating that Bitcoin will ‘probably’ become the currency of the Internet.

👉MUST READ

Square CEO Jack Dorsey Bullish on Bitcoin, Plans to Expand Crypto’s Role in Square Cash App

Square CEO Jack Dorsey Bullish on Bitcoin, Plans to Expand Crypto’s Role in Square Cash App

Dorsey’s bullish outlook

During a recent Joe Rogan podcast, Dorsey weighed in on a variety of topics, including the infamous Infowars exodus. His most notable remark for crypto enthusiasts, of course, pertains to the future Internet currency. He is certain that there will be one, and Bitcoin appears to be the most likely contender to take this title. All odds are stacked in its favor: Bitcoin was born on the Internet and was also tested on the Internet. U.Today previously reported that the world’s flagship currency turned 10 on Oct. 31.

Bitcoin, according to Dorsey, could be become the world’s single currency in only 10 years (or even less). Not surprisingly, that prediction resonated with many influential crypto figures, including Binance CEO Changpeng Zhao. 

Square's long-term bet on Bitcoin

Mobile payment company Square allowed merchants to accept Bitcoin back in 2014. In August 2018, Square's Cash App rolled out support for BTC trading in all 50 states. The startup's Bitcoin-related revenue amounted to $43 mln in Q3 2018. In December, Cash App surpassed PayPal as the most popular free financial app in the Play Store.

BTC remains the only coin supported by Square, and Dorsey has indicated that it’s his cryptocurrency of choice.

Cover image via u.today
Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings