More than an enthusiast, Jack Dorsey, founder of Twitter (now X), is a fervent believer in Bitcoin, the main currency of the crypto universeHis first significant mention of this virtual asset dates back to 2013, but now, 12 years later, the entrepreneur and undisputed leader of Silicon Valley not only continues to believe in the value and potential of BTC, but is also a proponent, promoter, and investor in the cryptocurrency.
Dorsey's latest big prediction about Bitcoin is that it virtual asset will become the world's sole currency in just 10 years, as money as we currently know it—physical banknotes and coins—will cease to have value. Although it sounds crazy, the co-founder of Square (now Block), a financial services platform, has a vision that BTC will transform the global financial system, and that's why he's placed all his bets on the cryptocurrency.
BUY BITCOINWhat the businessman said is in agreement with the pro-cryptocurrency stance which he has maintained over the past few years, during which time he has not only expressed strong opinions about BTC, but has also taken various steps to develop it and sought support to drive its development.
Dorsey's Log
The founder of X has been a great ally of the company for more than 10 years. crypto world, because he believes that this digital currency is the means through which many economic and social problems in the world will find a solution.
La Dorsey's Bitcoin Blog It started 11 years ago, when I was already showing interest in BTC, but there are some milestones worth mentioning.
2014
This year, the businessman already showed his interest in Bitcoin, anticipating that it would be a transformative technology to improve the global financial system.
2018
Dorsey alluded for the first time that BTC could achieve the quality of being the the only currency in circulation on a global scale, due to its decentralized design. It's important to remember that Bitcoin uses peer-to-peer technology to operate without being governed by a central authority or bank, because its management and issuance are carried out collectively, meaning no one owns or controls Bitcoin.
This year, he began to Integrate Bitcoin into financial services from his company Square (now Block), allowing users to buy and sell the cryptocurrency.
2019
In an interview given that year, the investor practically gave a new definition to this digital asset, considering it to be "internet nativet» and one of the best solutions for digital operations in a global environment.
2020
The first major investment that went public was made by Dorsey in 2020. Again relying on his company Square, invested $50 million in BitcoinAt the time, he also stated that virtual currency was a tool to empower people economically.
In addition, through his financial company, he promoted projects focused on sustainable BTC mining, in order to reduce the environmental impact associated with this activity.
2021
During the conference "The B Word", an event focused on Bitcoin, he ratified his commitment to the cryptocurrency, considering it to be one of the most important platforms for the world to have a more inclusive and accessible financial system, and which will eventually replace the dollar.
His expectation that BTC will not only be the strong currency in the world, if not the only one, he released it on his Twitter account, after rapper Cardi B asked if crypto would take the place of the dollar: “Yes, he will., Dorsey responded, garnering over 15.000 likes and thousands of retweets at the time.
To leave no room for doubt, he said that if he weren't running Twitter and Square, he'd be dedicating his life to Bitcoin. Even with Square announcing plans to create a hardware wallet for virtual currencyl, together with rapper Jay Z, created a foundation to finance the development of bitcoin as “Internet currency” called bTrust.
The initiative, in the context of the global COVID pandemic, attracted attention, since due to the confinements that reigned throughout the world, the digital transactions gained a lot of strength. Dorsey and his partner combined to invest 500 bitcoins—about $24 million at the time.
2022-2024
2022 was a year of profound change for Dorsey. Having just left his position as CEO of Twitter, he focused even more on Bitcoin through Block, promoting projects related to the decentralized mining and ecosystem development.
Between 2023 and 2024 he continued his crusade in favor of BTC, as an alternative to traditional financial systems, adding that the crypto world Now it had greater weight and importance in the face of increasingly inflationary environments and autocratic governments.
He predicted that by 2030, The price of each Bitcoin could reach $1 million.A decade ago, this cryptocurrency was worth just $100, and while it reached its all-time high of just over $109.000 last January, it's now trading at around $80.000.
Crazy theory?
Cryptocurrencies generate all kinds of bets and predictions, but when it comes to theorizing about who is the true creator of the main virtual currency, Bitcoin, There are various versions. As expected, many forums claim that Satoshi Nakamoto, the pseudonym associated with the creator of this asset, is Dorsey.
BUY BITCOINNakamoto disappeared from social media in 2010. without a trace, so speculation has not ceased during all this time and many names linked to cryptography have been mentioned.
It was VanEck's director of digital asset research, Matthew Sigel, who first floated Dorsey's name as Nakamoto, based on research by Sean Murray, an entrepreneur who compiled a list of connections and matches that Dorsey is linked to the creator of Bitcoin.
