During a podcast, Joe Rogan had the honour of interviewing the Twitter and Square Inc CEO, Jack Dorsey. During the interview, Dorsey pumped the bitcoin price.

Is Jack Dorsey a bitcoin enthusiast?

Dorsey is the CEO of Twitter and Square Inc, and it is not new that he is pro-bitcoin. He has earlier stated that bitcoin might become the currency of the internet. That was about nine months ago. He argued that cryptocurrencies would make the world a lot easier for many companies. He said:

“Using bitcoin or another virtual currency would lower entry barriers for companies like Square and as he put it. If we were able to use it a currency today, we could release our apps in every app store around the world instead of the five we’re in.“

Square Inc is a story in itself, and the company recently surpassed Coinbase as top bitcoin buying application. The reason why Square became such a success is that users can receive and send money with Square instantly. The big draw here is that they can use their mobile phones, which doesn’t require getting involved with the inefficiency of banks, traditional payment types, or wire transfers.

Did Dorsey pump bitcoin during the interview?

Joe Rogan interviewed no less than Jack Dorsey for two hours. They spoke about a wide range of subjects such as Donald Trump, Twitter, the future of the internet and bitcoin. He argued that internet would have its currency in the years to come and it could become bitcoin.

“I believe the Internet will have a native currency and I don’t know if it’s Bitcoin. I think it will be bitcoin given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet, [and] it is of the Internet.”

He continued by explaining that they would love to see something become a global currency. The reason is that it enables global access and they can serve more people through his company Square Inc. He added:

“We would love to see something become a global currency. It enables more access. It allows us to serve more people. It allows us to move much faster around the world. We thought we were going to start with how you can use it transactionally, but we noticed that people were treating it more like an asset, like a virtual gold, and we just wanted to make that easy, just the simplest way to buy and sell bitcoin.”

However, he says that the concept of cryptocurrencies and blockchain is threatening to banks and governments.

“It’s certainly threatening to certain services behind banks and financial institutions. It’s threatening to some governments as well. So I just look at this like how can we embrace this technology and not react to it more from a threat standpoint?”

While cryptocurrencies such as bitcoin were created to be decentralised, many argue that the industry needs regulation. Sweden might become the worlds first country to launch a national digital currency. Even a major country such as India might release a national cryptocurrency of their own. It does not stop there because seven EU member states have launched a joint initiative to promote blockchain.

Image Credits: “PowerfulJRE Youtube”