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“Bitcoin could fail as a store of value,” says Twitter founder Jack Dorsey
In a recent episode of the “21 in 21” podcast, Jack Dorsey, co-founder of Twitter and CEO of Block, shared his thoughts on Bitcoin (BTC) once again. While he is known for being a strong supporter of the digital currency, he surprisingly hinted that it could fail as a store of value.
During the podcast, Dorsey emphasized the importance of making BTC a payment system first and foremost, rather than just a digital savings instrument. He warned that if it fails to achieve this goal, its ability to hold its value over time will be compromised.
Dorsey’s comments come at a time when many investors are seeking Bitcoin as a safe haven for their assets amid market volatility and economic uncertainty. However, his statements could have significant implications for the cryptocurrency’s future prospects.
As the CEO of Block, which is building a decentralized financial infrastructure, Dorsey may be positioning himself to promote alternative use cases for cryptocurrencies like BTC. His comments also highlight the ongoing debate about the role of Bitcoin in the broader digital asset landscape.
While it remains to be seen how the market will react to these remarks, it’s clear that investors are closely watching any developments related to the cryptocurrency’s fundamental value proposition.
Source:
Source: https://thebitcoinnews.com/bitcoin-could-fail-as-a-store-of-value-says-twitter-founder-jack-dorsey/
