Jack Dorsey is taking the opportunity presented by MicroStrategy’s Bitcoin conference to sell the idea of Bitcoin as the native currency of the internet.
Bitcoin bull Jack Dorsey made his first live appearance in this conference since exiting Twitter as its CEO. As expected, his belief in Bitcoin is still as firm as ever.
Bitcoin will become the Native Currency of the Internet
Speaking with MicroStrategy’s CEO Michael Saylor at the conference, Bitcoin bull Jack Dorsey said we are closest as ever to have a native currency for the internet with Bitcoin. According to Dorsey, the world needs a universal currency, which will not be affected by decisions made in Washington.
Bitcoin is the qualified candidate for this universal currency. Dorsey reminded attendees that the leading cryptocurrency by market cap has the most transparent and understandable fees compared to traditional finance.
Block’s CEO Jack Dorsey also responded to the critics saying Bitcoin is developing slower than other cryptocurrencies like Ethereum. Dorsey argues that slow things tend to last and are more predictable and secure. Thus, while the naysayers view the slow pace as a negative, it adds to the virtues of Bitcoin.
The MicroStrategy Bitcoin for Corporations conference is being held to educate companies on the merits of adding Bitcoin to their balance sheets. Jack Dorsey emphasizes that MicroStrategy’s conference is not only for those willing to incorporate the leading cryptocurrency.
Dorsey stated that every company should study Bitcoin and know how to improve its operations.
Diem was Wasted Efforts and Time: Jack Dorsey
Speaking on Meta’s sale of Diem technology, Bitcoin bull Jack Dorsey called the project a “wasted effort and time.” He says that although Meta may have started Diem for the right reasons and learned many lessons, Diem has wasted efforts. Instead, Mark Zuckerberg’s Meta should have focused on making Bitcoin accessible to everyone.
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