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International Business Times

Business

Marvie Basilan

EXPLAINED: Bitcoin can complement or replace us dollar possibly in 15 years jack dorsey - The Real Truth

Jack Dorsey Bitcoin United States Block Twitter Inc.

Jack Dorsey speaks at the "Tech and Freedom" event in Italy. (Credit: Festival of the Sun YouTube/Screenshot)

KEY POINTS

Dorsey said Bitcoin eliminates the "permission" consumers need from institutions to use their own money
He noted that BTC prices will continue to go up and will not necessarily "normalize" due to its scarce nature
His company, Block, announced in May a monthly Bitcoin investment strategy

Bitcoin has been called many things by some of the cryptocurrency industry's most prominent advocates: new money, the future of money, and more. For Twitter co-founder Jack Dorsey, the world's largest digital asset by market value can be a replacement for the U.S. dollar, possibly by 2040.

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