Jack Dorsey is the co-founder and former CEO of Twitter, Block. Dorsey also shared an interesting prediction on Bitcoin. Dorsey believes that Bitcoin will easily replace or complement the US dollar within 15 years. This timeframe is ideal for the mass to adapt and accept the new financial dynamics.
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Bitcoin vs. US Dollar
Bitcoin is one of most popular cryptocurrencies. This token has been dubbed “the king of crypto currencies” and for good reason, given its huge market and popularity.
According to Dorsey Bitcoin will transform the course of financial history in the entire world. Dorsey spoke at an exclusive event in Tuscany about his vision of Bitcoin. He said that Bitcoin has elements that will truly change the world. Attending a talk dubbed “tech and freedom,” Dorsey has made an bold statement stating that Bitcoin could either be a complement to the US Dollar or it can replace it.
Dorsey elaborated on the timeline and said that the new system could take up to 15 years to be fully implemented.
“It’s going to take some time. It’s not 10 years; it might be 15. Little by little, people see the value of this system and why it’s so powerful. It could potentially complement or replace the U.S. dollar, which rules everything.”
Dorsey was wearing a shirt with Satoshi Nokomoto written over it at the time of his talk, which took place in a Tuscany castle.
Dorsey, in a more detailed explanation of why Bitcoin was a better form of currency than the US Dollars, cited BTC’s freedom and control to be reasons for this possible change.
“These are two entities that control the value of your money, and you don’t elect them,” Dorsey spoke of the two currencies issued by governments. “Whereas [with] Bitcoin, you have a lot more control and a lot more free agency.”
The US Dollar is losing its friends
The US Dollar is at the threshold of a deadly situation where it’s enemies are increasing at an alarming rate. BRICS has gained a strong economic foothold, and is adopting a currency that will derail the US Dollar.
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The US dollar has been edging closer to a razor’s edge since the Petrodollar deal collapsed. Its status as a reserve currency is also in danger. The multipolar narrative has gained a lot of momentum, and this is the main reason. The speculative aspect of the economy is also gaining momentum. bandwagon Bitcoin also moves in a new direction. The speculation forces now want BTC to be a viable payment method for oil. If this development gains momentum, it can help BTC to establish its presence and strengthen it.
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Source: watcher.guru
