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Twitter CEO: Bitcoin Is Going To Be The Single World Currency

Jack Dorsey, the CEO of Twitter, has praised Bitcoin publicly a number of times before, and now he’s done it again. Jack himself is a bitcoin investor but has also invested in bitcoin and cryptocurrency related projects such as the lightning network.

In a recent interview with The Times Jack revealed his predictions of where Bitcoin might be going in the future.

The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin

One of the criticisms of Bitcoin is that it is slow and expensive to use when the network is filled with transactions. But there are technologies being built to counter this issue, one of them is the introduction of SegWit, another one is the establishment of the Lightning Network, which is exactly what Jack Dorsey himself has invested in.

 

Image Source: https://www.flickr.com/photos/50698336@N00/3707801902Brian SolisCC BY 2.0

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