From NewsBTC
Twitter and Square CEO, Jack Dorsey, makes no secret of his love for Bitcoin. The tech entrepreneur has recently launched Bitcoin buying and selling options on his company’s “Cash” application, invested personal money in the development of the Lightning Network, and now claims that one day in the not-too-distant-future, Bitcoin will be a single currency for the entire planet.Read more: https://www.newsbtc.com/2018/03/21/twitter-ceo-believes-bitcoin-will-emerge-single-currency-whole-world/Bitcoin: The One Coin to Rule Them All
Dorsey believes that within the decade Bitcoin will emerge as a globally accepted “single currency”. The Twitter executive told The Times on Wednesday:“The world ultimately will have a single currency, the Internet will have a single currency. I personally believe that it will be Bitcoin.”
When pressed for a time frame with which this would happen, Dorsey responded with: “probably over ten years, but it could go faster.”
Although Dorsey recognises that the technology underpinning Bitcoin isn’t quite ready for such global usage, he does believe that sufficient improvements will be made to it to ensure that it can scale to world-wide use. Such innovations will allow for cheap, instant payments for small items such as the often cited example of buying a cup of coffee with Bitcoin. He told The Times:
“It’s slow and it’s costly, but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable.”
I think his predictions are rather ambitious and unrealistic but would love to see him prove me wrong. I also think he's HODLing a bunch of cryptos.
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I've chatted with a bunch of people about this. I believe we are going to start seeing mass adoption of cryptocurrencies and I'm not convinced Bitcoin will stay #1. It all depends on cultural perceptions and those are hard to predict.
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Bitcoin most definitely isn't going away. Altoins will continue to develop to fill the niches but BTC reigns supreme.
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I strongly believe that crypto currencies are the future! I use the term in plural because it is nearly impossible that there is only one system. That is just too ambitious.
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and the oil of 21st centry
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I don’t think he means a single Cryptocurrency. He means it will be the reserve currency like the US Dollar is currently. The dollar is losing business though.
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