Jack Dorsey on Bitcoin: “It is the Currency of the Future”

Jack Dorsey on Bitcoin: “It is the Currency of the Future”

Jack Dorsey on Bitcoin: “It is the Currency of the Future”

$BTCUSD, $TWTR, $SQ

Jack Dorsey, speaking to a crowd of cryptocurrency enthusiasts, declared that he is in sync with their view that digital currencies are the way of the future.

“The Internet deserves a native currency; it will have a native currency,” Mr. Dorsey, the CEO of Twitter Inc. (NYSE:TWTR) and Square Inc.(NYSE:SQ), said Wednesday at Consensus, a blockchain and cryptocurrency conference in New York City.

“I don’t know if it’ll be Bitcoin or not,” he said, but “I hope it will be.”

Currently, Bitcoin is trading at: 8,356.9854,+163.641, or +2.00%, as of 7:35a BST, the market is open.

It is not the 1st time Mr. Dorsey had spoken fondly of digital currencies. The executive Tweeted in Y 2016 that he would “love to see a digital currency thrive.”

In his role at Square, he has helped promote cryptocurrency.

In Y 2014, the payments company started letting merchants accept Bitcoin. Since then, San Francisco-based Square has said it’s introducing Bitcoin trading for almost all users of its Cash App, which lets users send money to friends and family.

Not everyone at Square was as enthusiastic as Dorsey was about the move.

“I’ll be frank, this was a pretty contentious move in the company,” he said. A number of people at Square were skeptical about the technology and making access to digital currencies much easier. Even today, Mr. Dorsey added, there are debates and even fights over the topic, and some of the company’s board members are resistant to cryptocurrencies.

“This technology is a fundamental shift to our world and can have so many positive outcomes,” Mr. Dorsey said at the Consensus conference, the biggest of about two dozen events during New York’s “Blockchain Week.” “We have to do the work to educate regulators and educate the SEC why this technology is important.”

Got questions on Bitcoin, Ethereum, Ripple or BitConnect? G-BiTX has the answers, the company has launched a channel on Telegram to help people navigate the world of CryptoCurrencies.

Join the Channel Now, Click Here

Transparent Exchanges are the Future of Bitcoin

There is no doubt some CryptoCurrencies with fail, some will be scams, and some will live on to change the very nature of money and wealth, no wonder the old dudes are scared.

Open your G-BiT X Account today.

CryptoCurrencies is not about Tax Evasion or Money Laundering, real hardcore fundamental CryptoCurrency Exchanges like G-BiT have seriously tackled the Money Laundering and Tax issues, that’s why they have such a bright future. While the Establishment still wants you to be hit with heavy fees and delays sending money around the world the reality is that is legalized theft built in to the Banking Sector and is not a product of cost or reality, CryptoCurrencies have proven that!

To view the HeffX-LTN archive on Bitcoin, click here.

Stay tuned…

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :  
CONNECT WITH