Bitcoin has seen a slow start in the market at the beginning of 2019. Not many people are positive about the impending of this currency.
However, the Twitter CEO and co-founder of popular money transfer app Cash App, John Dorsey is still optimistic about Bitcoin and the influence it may have in the near future. During an interview, he said that Bitcoin would meet all the criteria needed to be attained to become one of the frequently used currencies on the internet.
Speaking to the podcaster during the interview he said that, the internet would have its native currency and Bitcoin has the possibility to become the one. He added that Bitcoin was born on the internet, got developed and tested on the internet, so it has all the possibilities.
Bitcoin getting universally accepted is not a new concept now. Dorsey has discussed this previously. He was even enthusiastic about the currency when Bitcoin was facing a bearish market in 2018. He was never distrustful about the importance of bitcoin in the virtual market.
In a conference on cryptocurrency in New York, he said that the Internet needs to have a currency of its own and it will have one. He is not sure whether it will be Bitcoin or not but hopes it to be bitcoin only seeing the principle behind its development an all the test conditions it has passed so far.
Dorsey has been supporting bitcoin since 2014 and added Bitcoin to the popular Cash App in 2018 for trading so that the user can send Bitcoin to one another. Dorsey’s idea behind putting Bitcoin on Cash App was to learn the technology and at the same time take some risk
Dorsey’s Square had made $34.1 billion by selling Bitcoin in the initial quarter of last year. Dorsey has also made it clear that Bitcoin is his choice of cryptocurrency. Optimism about Bitcoin was visible in his words as he said the world and the internet would ultimately have a single cryptocurrency in the form of Bitcoin, and according to him, it may happen in next ten years.
Dorsey further added that they don’t have any plans to add other cryptocurrencies to Cash App. He also believes that Blockchain can be actively used for combating misinformation and scams.
Dorsey and his team have even developed a book for children explaining the growth and development of Bitcoin.