CoinWorld reported:
Renowned Bitcoin enthusiast and Twitter founder Jack Dorsey recently suggested that Bitcoin could one day replace the US dollar. Indeed, the tech luminary discussed his hopes for the leading cryptocurrency during a speech in Tuscany, Italy.
Dorsey addressed digital assets and their potential to revolutionize global finance. During the speech, he praised Bitcoin’s future, stating its potential to surpass Western entities and evolve into a true unit of value.
Source: Observer.com
Also read: Jack Dorsey Predicts Bitcoin Will Surpass $1 Million by 2030
Throughout 2024, Bitcoin has continued to solidify its position in the cryptocurrency market. It became the first cryptocurrency to receive approval for a Spot ETF and reached historic highs this year. Additionally, Standard Chartered Bank recently forecasted the token to exceed $100,000 by November.
At a recent event discussing Bitcoin, co-founder of Twitter Jack Dorsey remarked that Bitcoin will one day replace the US dollar. Hosted by music producer Rick Rubin, the event saw Dorsey express optimism about adopting and integrating leading cryptocurrencies.
“It will take some time,” Dorsey told attendees. “Not ten years from now, but probably fifteen. Gradually, people are seeing the value of this system and why it’s so powerful.” It was during this time that Dorsey discussed the potential for it to supplant the US dollar as the primary global currency.
Source: Decrypt.com
Also read: Bitcoin (BTC): Analyst Predicts “Bull Market” in July After 7% Drop in June
Dorsey remarked, “It could… praise or replace the hegemony of the dollar.” He also emphasized the significance of shifting global reliance away from currencies like the dollar and yuan. “These two entities control the value of your money, and you don’t elect them,” he said. “With Bitcoin, you have more control and more freedom.”
Dorsey recently predicted that by 2030, BTC’s value will reach $1 million. The Twitter founder stated, “It’s an optimistic prediction—I do believe it will hit that number and exceed it.”