{"id":5330,"date":"2019-02-03T11:26:37","date_gmt":"2019-02-03T11:26:37","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=5330"},"modified":"2020-07-10T06:18:17","modified_gmt":"2020-07-10T05:18:17","slug":"twitter-ceo-bitcoin-internet","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/","title":{"rendered":"Twitter CEO Jack Dorsey thinks Bitcoin will be the Currency of the Internet"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/#Twitters_Jack_Dorsey_believes_that_BTC_will_be_the_common_currency_of_the_Interner\" >Twitter&#8217;s Jack Dorsey believes that BTC will be the common currency of the Interner<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/#By_Gorica_Gligorijevic\" >By Gorica Gligorijevic<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/#No_plans_just_personal_view\" >No plans, just personal view<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/#Bitcoin_could_be_the_currency_of_the_internet\" >Bitcoin could be\u00a0the currency of the internet\u00a0<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/#YOU_WOULD_LIKE_TO_READ_Forget_Everything_You_Knew_About_The_Money_The_New_Era_Has_Started\" >YOU WOULD LIKE TO READ Forget Everything You Knew About The Money! The New Era Has Started!<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/#Twitter_CEO_The_Internet_is_like_one_nation\" >Twitter CEO: The Internet is like one nation\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/#Banks_dont_like_Bitcoins_disruption\" >Banks don&#8217;t like Bitcoin&#8217;s disruption<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/#YOU_WOULD_LIKE_TO_READ_Two_of_the_richest_men_in_the_world_call_Bitcoin_%E2%80%9Crat_poison%E2%80%9D\" >YOU WOULD LIKE TO READ: Two of the richest men in the world call Bitcoin \u201crat poison\u201d<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/#%E2%80%9CPeople_treating_BTC_like_virtual_gold%E2%80%9D_said_Twitter_CEO\" >\u201cPeople treating BTC like virtual gold,\u201d said Twitter CEO<\/a><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"Twitters_Jack_Dorsey_believes_that_BTC_will_be_the_common_currency_of_the_Interner\"><\/span><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5331 size-full\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet.jpg\" alt=\"Twitter CEO Jack Dorsey thinks Bitcoin will be the Currency of the Internet\" width=\"800\" height=\"450\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet-300x169.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet-768x432.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet-370x208.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet-760x428.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet-424x239.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/>Twitter&#8217;s Jack Dorsey believes that <span style=\"font-weight: 400;\">BTC will be the common currency of the Interner<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h6><span class=\"ez-toc-section\" id=\"By_Gorica_Gligorijevic\"><\/span><a href=\"https:\/\/www.linkedin.com\/in\/gorica-gligorijevic-860b74104\/\">By Gorica Gligorijevic<\/a><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p><span style=\"font-weight: 400;\">Twitter CEO, also CEO of Square says there will be a native currency for the internet. <a href=\"https:\/\/en.wikipedia.org\/wiki\/Jack_Dorsey\">Jack Dorsey<\/a>, CEO of Twitter and the mastermind behind the popular money transfer application \u201cCash App,\u201d shared his confidence about Bitcoin. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Appearing on the Joe Rogan Experience podcast, he stated that the Internet will eventually have a currency, which he thinks will likely be Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jack Dorsey <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/11\/bitcoin-wallet\/\">explained<\/a> that he still feels that BTC meets all the conditions to become the common currency of the internet in the future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For Twitter and Square chief, Bitcoin, the top-ranked cryptocurrency seems best-suited to that role.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"No_plans_just_personal_view\"><\/span><b>No plans, just personal view<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Jack Dorsey\u00a0said that he has no plans for that at the moment, however, he expressed his personal view towards cryptocurrency and the internet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI believe the Internet will have a native currency and I don\u2019t know if it\u2019s Bitcoin. I think it will be given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet, it is on the Internet.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jack Dorsey believes that the internet will have its native currency one day, although he doesn\u2019t know what that would be.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bitcoin_could_be_the_currency_of_the_internet\"><\/span><strong>Bitcoin could be\u00a0the currency of the internet\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">But when he elaborates his opinion further, he says that it could be Bitcoin. His opinion is based on the <a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/monetizing-bitcoin\/\">tests<\/a> Bitcoin has been through all this time, the principle behind its creation. And all of that happened on the internet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Twitter CEO has no plans to create his own currency, but he wants to participate in the growing technology, which he said to have done through the CashApp project.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"YOU_WOULD_LIKE_TO_READ_Forget_Everything_You_Knew_About_The_Money_The_New_Era_Has_Started\"><\/span><a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/new-era\"><span style=\"color: #0000ff;\"><strong>YOU WOULD LIKE TO READ Forget Everything You Knew About The Money! The New Era Has Started!<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter CEO claimed that his company is the first publicly-traded company that offers crypto (Bitcoin) purchasing as a service.<\/span><br \/>\n<span style=\"font-weight: 400;\">Dorsey has made similar observations, commenting in May 2018 that Bitcoin should be the native currency of the Internet. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thus, Dorsey says Square\u2019s focus is solely on BTC with no present plans to offer support for other cryptocurrencies on the Square Cash App.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking about Square\u2019s decision to offer support for the largest cryptocurrency, Dorsey said it gave the company the ability to serve more people across the world far better than was possible using mainstream channels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe\u2019d love to see something become the global currency. It enables more access, it allows us to serve more people and allows us to move faster around the world.\u201d<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Twitter_CEO_The_Internet_is_like_one_nation\"><\/span><b>Twitter CEO: The Internet is like one nation\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Dorsey compared the Internet to a single nation that exists digitally. Hence, it only makes sense that it would have its own universally accepted currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Present-day fiat money is usually subject to nationalistic policies that might not appeal to different places across the globe. Bitcoin, however, is based purely on mathematical algorithms providing a certain sense of neutrality and universality devoid of any geographical or political bias.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jack Dorsey thinks the internet will eventually have its own currency and BTC is out in front in the race to be the chosen crypto. Twitter CEO doesn\u2019t necessarily think mass adoption is near, but that worldwide cryptocurrency use will take hold soon.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Banks_dont_like_Bitcoins_disruption\"><\/span><b>Banks don&#8217;t like Bitcoin&#8217;s disruption<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As the first and still biggest cryptocurrency, it\u2019s not a bad bet. Bitcoin processed an incredible $9 billion in the past 24 hours, dwarfing any other blockchain by miles. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin, moreover, is the most <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/11\/cryptocurrency-market\/\">integrated<\/a> crypto. It remains still the only one to have regulated futures, its logo stands for the <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-technology\/\">blockchain<\/a> and it has a brand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dorsey also mentioned the attitude of banks towards Bitcoin. Unsurprisingly, banks and many other financial institutions aren\u2019t fans of Bitcoin\u2019s disruptive tendencies, the Twitter CEO said.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"YOU_WOULD_LIKE_TO_READ_Two_of_the_richest_men_in_the_world_call_Bitcoin_%E2%80%9Crat_poison%E2%80%9D\"><\/span><a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/miraculous-world\"><span style=\"color: #0000ff;\"><strong>YOU WOULD LIKE TO READ: Two of the richest men in the world call Bitcoin \u201crat poison\u201d<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">JPMorgan analysts released, in January, a report claiming that BTC\u2019s value could only exist in a dystopian economy. In 2018, Warren Buffet called Bitcoin \u201crat poison squared.\u201d <\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E2%80%9CPeople_treating_BTC_like_virtual_gold%E2%80%9D_said_Twitter_CEO\"><\/span><b>\u201cPeople treating BTC like virtual gold,\u201d said Twitter CEO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u201cWe notice that people are treating it (Bitcoin) as an asset, like virtual gold. We want to make it easy, just the simplest way to buy and sell Bitcoin. But we also knew that it had to come with a lot of educations, a lot of constraints,\u201d \u00a0said Dorsey.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reminding what happened 3 years ago, when people had the \u201cunhealthy way\u201d of purchasing Bitcoin by using their life savings, Dorsey decided to put a very \u201csimple\u201d restriction and constraint on his app.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> \u201cYou can\u2019t buy Bitcoin on CashApp with a\u00a0credit card. It has to be the money you actually have in it. We look for day trading which we discouraged and shut down, that\u2019s not what we\u2019re trying to build, that\u2019s not what we\u2019re trying to optimize.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When the master of industry like Jack Dorsey speaks about the efficiency of cryptocurrency tends to lead to ecstatic investors. However, Dorsey has warned against wild speculation and hopes to push the public towards using digital currency rather than the narrow mentality of \u201chodl\u201d and wait for riches.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter&#8217;s Jack Dorsey believes that BTC will be the common currency of the Interner By Gorica Gligorijevic Twitter CEO, also CEO of Square says there will be a native currency for the internet. Jack Dorsey, CEO of Twitter and the mastermind behind the popular money transfer application \u201cCash App,\u201d shared his confidence about Bitcoin. Appearing [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1015,1012],"tags":[75,746,747,748,749],"class_list":["post-5330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-traders-secrets","tag-bitcoin","tag-currency-of-the-internet","tag-internet","tag-jack-dorsey","tag-twitter-ceo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Twitter CEO Jack Dorsey Has Trust in Bitcoin&#039;s Future<\/title>\n<meta name=\"description\" content=\"The CEO of Twitter and Square says there will be a native currency for the internet. 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