Jack Dorsey, chief executive of Twitter and payment company Square, has spoken of his strong belief in the future potential of bitcoin.
In an interview with The Times published Wednesday, Dorsey, himself a noted bitcoin investor, said he believes the cryptocurrency will take over the U.S. dollar's dominant place in world finance and become the primary global currency for payments.
Jack Dorsey, CEO of Twitter and payment company Square, predicted that Bitcoin will be a single currency in this world for payment within 10 years. It will remove the dominance of US dollar in global finance.
But when it will happen, I don’t know whether the bitcoin transaction will remain anonymous. Government is taking several legal steps to halt money laundering which may be happening through bitcoin transaction. So the transaction might be traceable in future. If it happens so, decentralization which is the nature of crypto transaction will come to an end.
Jack Dorsey has firm belief on Bitoin and predicts that it will have control over the world finance even though there are several issues to solve.
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