CEO Twitter: Bitcoin will replace the role of the US dollar
Twitter CEO Jack Dorsey. Photo: Flickr
In a recent interview with The Times, Dorsey, a well-known Bitcoin investor, reaffirmed the belief that virtual currency would replace the dominant role of the US dollar in the global financial system and would It is the main currency for payment.
He said that the outlook would actually be in the next 10 years or even shorter. "The world will have to have the same currency and the Internet as well. I personally believe it will be Bitcoin. "
Despite admitting that Bitcoin is facing a scaling-up problem as the currency is slow and expensive, Dorsey is confident that new solutions will overcome the problem.
"As more and more Bitcoin owners become available, these issues will be resolved when new technologies are built on blockchain, making Bitcoin easier to access."
In fact, Dorsey is investing in projects that attempt to make Bitcoin deals cheaper and faster.
According to CoinDesk, Dorsey has been involved in a $ 2.5 million round of funding for the Lightning Labs project.
The startup has launched a notable beta version of Lightning Network, a protocol built on Bitcoin's blockchain technology, but improving the speed and cost of the transaction.
Bitcoin prices have fallen into recession for the past few weeks as the pressure from government management and control is soaring.