Why is Dorsey so bullish on Bitcoin?

3 answers

• Nov 24, 2021 · 3 years ago
  As the CEO of Twitter and Square, Jack Dorsey has been a vocal supporter of Bitcoin. He believes that Bitcoin has the potential to become the native currency of the internet due to its decentralized nature and the ability to transact without intermediaries. Dorsey sees Bitcoin as a way to empower individuals and provide financial inclusion to the unbanked population. He also appreciates the transparency and security that blockchain technology offers.
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• Nov 24, 2021 · 3 years ago
  Jack Dorsey's bullish stance on Bitcoin can be attributed to its limited supply and the potential for it to act as a hedge against inflation. With a maximum supply of 21 million coins, Bitcoin is designed to be scarce, which Dorsey sees as a key factor in its value proposition. Additionally, as governments around the world continue to print money and devalue fiat currencies, Dorsey believes that Bitcoin can serve as a store of value and a hedge against economic uncertainty.
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• Nov 24, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, Jack Dorsey's enthusiasm for Bitcoin stems from his belief in the principles of decentralization and financial sovereignty. He sees Bitcoin as a way to challenge the traditional financial system and give individuals more control over their money. Dorsey has also expressed his admiration for the Bitcoin community and its commitment to open-source development. Overall, his bullishness on Bitcoin can be seen as a reflection of his belief in the power of decentralized technologies.
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