Coin World reports:
After stepping down as CEO of X (formerly Twitter) in 2021, social media platform giant, and founder of payment giant Block (formerly Square), Jack Dorsey, has focused on investing in the development of Block and the Bitcoin ecosystem.
Bitcoin to Replace the Dollar
As a staunch believer in Bitcoin, Jack Dorsey recently stated at an event in Italy that he believes Bitcoin could become a replacement for the dollar:
It will take some time, but gradually, people will see the value of this system and understand why it is so powerful, why it (Bitcoin) could be a supplement or replacement for the dollar.
The dollar currently dominates everything, but is facing a challenge from the yuan.
Jack Dorsey further added:
The dollar and the yuan are two entities that control the value of your money, and you cannot choose them. In contrast, Bitcoin gives you more control and greater freedom…
Predicting Bitcoin to Reach $1 Million by 2030
In addition, in an interview with Pirate Wires in May, Jack Dorsey stated that by 2030, Bitcoin will exceed $1 million:
I don’t know. Over… at least a million. I really think it will reach that number, and even surpass it.
Although $1 million is far from Bitcoin’s current price of $55,000, other well-known figures in the industry have expressed similar views. Ark Invest CEO Cathie Wood predicts that Bitcoin will reach a staggering $3.8 million by 2030, while “Rich Dad Poor Dad” author Robert Kiyosaki stated in a post on the 4th that Bitcoin will reach $10 million in the bull market that will start in 2025.
Bitcoin OG Criticizes Jack Dorsey’s Censorship System Contradicting Bitcoin Values
On the other hand, Bruce Fenton, CEO of Chainstone Labs and host of the Satoshi Roundtable, criticized Jack Dorsey for allowing a censorship system during his tenure as CEO of Twitter:
You prevented Americans from seeing real information. You participated in the largest private-sector censorship action in human history. Perhaps no living person has a greater responsibility for comprehensive censorship and blocking the truth. You even blocked the President of the United States and allowed the FBI to enter your office.
Bruce Fenton further stated that he does not want Jack Dorsey and his company (Block) to be involved in the development of the Bitcoin ecosystem because the values of the company contradict the freedom and decentralization of Bitcoin:
Personally, I do not want you, your company, or those woke executives to be involved in the development of Bitcoin.
How can they be trusted? When the values of a company and its leadership are completely opposed to the values of freedom and decentralization of Bitcoin, why should Bitcoin enthusiasts welcome the contributions to the development of Block?