So we all know Jack Dorsey as the IT service leader. He is the founder and CEO of Twitter. He’s also the CEO of mobile pay firm Square. But did you know he’s also a Bitcoin guy? In fact, here is Jack Dorsey’s Bitcoin Prediction: Bitcoin will be our global currency.
So Jack Dorsey revealed this in the Times of London. He believes not only will Bitcoin overcome it’s struggles, but it will thrive like nobody’s business. Furthermore, he says Bitcoin will be the single currency of the world and the Internet. Dorsey adds this Bitcoin takeover will probably happen in ten years, maybe even sooner.
He does admit, that Bitcoin isn’t ready to take over right now. He’s exactly right. As of today, Bitcoin is worth over $8,500. But one time, not long ago, it was worth over $20,000. Dorsey also admit Bitcoin??does not have the capabilities right now to become an effective currency?. However, he predicts more people will have it. And this will make it more dominant. Dorsey just doesn’t talk the talk, but puts his money where his mouth is. Because recently, he donated to 2.5 million dollars to a startup company they call Lightning Labs. It’s purpose is to help Bitcoin and other cryptocurrency easier and more portable and affordable to obtain.
I just noticed a point. In early 2017, Bitcoin’s worth started in the hundred. It rose to $20,000. But now, it’s only $8500. On one hand, Bitcoin is more affordable to get, but on the other hand, it’s worth enough to take notice. Then, you have the ID theft and hacking crises. Everytime you look around, somebody’s credit/debit card is being wiped out. Not too many people carry cash anymore. And not too many people use a checkbook on a regular basis anymore. Mobile pay companies like Apple Pay and Google Pay are all the rage.? Some in our Boston computer service shop use it. Is Jack Dorsey’s Bitcoin prediction right? Is this the next step?