Bitcoin To Become World’s Only Currency In Next 10 years: Jack Dorsey

It seems good days are again knocking the door of the crypto world considering G20 summit had loads of positives for Bitcoin and cryptocurrency ecosystem.
And interestingly one of the powerful personalities of silicon valley Jack Dorsey, Twitter’s CEO is bullish on the whole crypto sector like no one else.

He made a statement saying “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin,”

He added It would happen “probably over ten years, but it could go faster.”

Jack Dorsey is one of the influential people in an emerging blockchain industry. His Square’s mobile payments app Cash began offering bitcoin buying and selling in most states.

Dorsey was also a vital part of a $2.5 million seed financing round announced last week in Lightning Labs, a start-up trying to make bitcoin transactions more faster and efficient.

He told The Times that ” Bitcoin does not have the capabilities right now to become an effective currency.”

“It’s slow and it’s costly, but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable,” he added.

Source: CNBC
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