Jack Dorsey, the founder of Twitter, said that the dollar will outweigh the importance of Bitcoin becoming the only global currency in the Internet in 10 years.
One of Silicon Valley's leading entrepreneurs, Jack Dorsey, said Bitcoin would exceed the dollar's importance by becoming the only global currency in the internet in 10 years.
Dorsey, the CEO of both Twitter and payment company Square, believes that Bitcoin has recently fallen in value and can be used for daily purchases such as coffee because it will come from the top of these barriers despite the concerns that transactions can not be done quickly and cheaply.
"In the end, the world will have a single currency, the internet will have a single currency. I personally believe that this will be Bitcoin. This will probably take more than 10 years, but it can also happen faster. "
It turns out that Dorsey, a Bitcoin investor, has invested in the development of Lightning Network technology, which will enable faster and cheaper processing in Bitcoin in recent days.