Jack Dorsey, CEO of Twitter and payment company Square has strong beliefs for Bitcoin, he stated during an interview published by The Times that this digital asset will be the worlds ‘single currency’. To be precise, he stated that BTC is going to dethrone the US Dollar and it will be the most dominant global currency for payments within 10 years from now. He kept going on with:

“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.”

Dorsey made sure to address the common misconception about the scaling issues which make BTC ’slow and expensive’ by stating that with advanced technologies adopted by Bitcoin and the mass adaption of these the issues are going to disappear. In fact, he told the public that he is one of the seed investors of Lightning Labs, a startup that is working on the above mentioned issues in order to make the transactions cheaper and faster to use.

We have previously reported on how Lightning Network released its beta client on the Bitcoin main network. Jack Dorsey’s other company, Square, has been pro-cryptocurrency from the very beginning by allowing the company’s Cash App its users to buy and sell BTC instantly.

We are with Jack on this and are expecting Bitcoin to flourish in the coming years!