Twitter CEO Jack Dorsey Explains Why He Believes No Cryptocurrency Will Ever Beat Bitcoin
Twitter CEO Jack Dorsey continued his love-letter to Bitcoin on a recent episode of the Stephan Livera podcast, where he proclaimed that while there may be interesting ideas emerging from other coins in the crypto space, they can all eventually be integrated into Bitcoin if they’re good enough.
In what is beginning to feel like a press-junket, Dorsey has been talking up Bitcoin to the extreme in the past week, and he recently told Joe Rogan that he thought Bitcoin could become the native internet currency of the future – to much applause and fanfare.
“The brand strength, the brand of Bitcoin is really spectacular. It enables more of that resilience. It’s a mainstream, well-known ‘household’ concept. Not everyone really knows what it might be for, and may have different perspectives on what it does… but everyone knows that it’s digital currency, digital money, a digital asset.”
If we can focus on the Bitcoin brand for a moment – it’s certainly true that Bitcoin is the household name when it comes to cryptocurrency, just like Coca-Cola is the household name when it comes to cola.
“There’s interesting ideas elsewhere, but I think those ideas can be integrated to Bitcoin if they have a merit that’s above some bar. It [BTC] feels like it’s the one that wants to be the currency the most, versus others that are doing more general purpose things, or distributed computing and whatnot.”
Greg Thompson’s original article for ccn.com reduced by 73%
Related cryptocurrency news – Analyst Claims That Bitcoin Could Surge To $5,000 In Coming Weeks
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CN [too long; didn’t read]
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