Will Bitcoin Eventually Replace The US Dollar? Yes, Tech Billionaire Jack Dorsey Says
While the dollar is currently the most favored currency in international transactions, he says Bitcoin will, in a couple of years, ascend to global supremacy.
Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
While the dollar is currently the most favored currency in international transactions, he says Bitcoin will, in a couple of years, ascend to global supremacy.
The app, one of the products of payments firm Block, has been operating in the United Kingdom since 2018.
Cash App, a popular mobile payment platform, will cease operations in the United Kingdom by September 15. Block, the fintech company behind Cash App, announced the closure on Thursday. The decision to withdraw from the UK market comes as part of Block’s strategy to prioritize its focus on the United States and deprioritize global expansion.
The post Cash App to shut down in the UK, citing focus on US market appeared first on Crypto Briefing.
Fitch Ratings notes that Block has used convertible debt for external funding since its IPO and is well-positioned to exploit the growth in payments and consumer financial services.
As Jack Dorsey bids farewell to Blueskys board, the social network seeks new leadership aligned with its vision of user-driven experience.
The post Jack Dorsey parts ways with Bluesky, leaves board of directors appeared first on Crypto Briefing.
Dorsey explained that Bitcoin is the best and only candidate for a decentralized open protocol for transactions on the internet.
Launched in late 2024, Ocean Mining has now established an international hub and headquarters in El Salvadors capital city, San Salvador.
Block, formerly known as Square, has embarked on an ambitious initiative to further integrate Bitcoin into its ecosystem, reinforcing its commitment to cryptocurrency and blockchain innovation. This strategic move is outlined in their recently released Bitcoin Blueprint, which details the company’s vision and efforts to leverage BTC to enhance financial systems globally. The blueprint showcases […]
Jack Dorsey, co-founder of Twitter, endorsed BIP 177, which proposes a radical rebranding of Bitcoin’s base unit. Dorsey supported the proposal on X and spread the new idea with 1 million views. A software developer, John Carvalho, published BIP 177 titled Refine Bitcoin’s Base Unit, arguing that the BTC currency could be simplified by removing […]
In a shocking revelation, Jack Dorsey’s Block is facing serious compliance issues after a disgruntled former employee submitted about 100 pages of documents revealing alleged yearslong lapses in the companys major divisions, Square and Cash App. The documents also outlined details on how the lack of vigilance led to processing thousands of transactions involving countries […]
Jack Dorsey's Block will allocate 10% of its Bitcoin product profits to monthly BTC purchases as part of its commitment to the flagship crypto.
The post Jack Dorseys Block doubles down on Bitcoin, commits 10% of product profit to monthly BTC purchases appeared first on Crypto Briefing.
In an effort to facilitate more international commerce in Africa, TBD, a digital payment business backed by Jack Dorsey, has established a collaboration with Chipper Cash. The business has announced plans to increase its footprint across 40 African nations. Block, which TBD is a subsidiary of, was co-founded by Jack
Twitter founder and Block CEO Jack Dorsey warned investors on Tuesday about weakening consumer discretionary spending. It can be good for BTC.
Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto. When Bitcoin Will Hit $1 Million In an interview with Pirate Wires, Dorsey mentioned that BTC could hit $1 million in 2030 and beyond. In addition to predicting Bitcoins future trajectory, Dorsey took time to appreciate the Bitcoin ecosystem. He remarked that besides its history, the most amazing thing about Bitcoin is how those who work on it, earn from it or invest in it all contribute to making the ecosystem, which in turn causes Bitcoins price to go up. Related Reading: Ethereum Foundation Moves 1,000 ETH Is The Top In? Dorsey further claimed that Bitcoin is a fascinating ecosystem and movement and that he has learned a lot from it. Based on his assertion, the tech entrepreneur is undoubtedly one of those contributing to the growth of the Bitcoin ecosystem. Dorsey and his digital payments company, Block, already hold over 8,000 BTC. His company also recently announced plans to begin investing 10% of its monthly Bitcoin-related gross profits in buying more BTC. This investment plan could lead to the company investing as much as $24 million in BTC one year from now. It is also worth mentioning that Dorsey has been actively looking to build in the Bitcoin ecosystem. It was previously reported that the former Twitter CEO was planning on building a decentralized exchange (DEX) for Bitcoin. More recently, Dorseys Block announced that they had completed a BTC mining system they had been working on since April 2023. BTC Hitting $1 Million Could Be This Year The CEO of Jan3 and Bitcoiner Samson Mow shares a contrary opinion with Dorsey. He predicted before now that Bitcoin could reach $1 million before the end of this year. Mow alluded to the increasing demand for Bitcoin as why he holds such a belief. The crypto founder suggested that this prediction would likely be attained next year if it didnt happen this year. Related Reading: Crypto Analyst Sets $10 Price Target For Cardano As Volume Jumps 90% Crypto analyst PlanB also believes that next year is a more feasible timeline for BTC to reach this price level. He stated that $1 million could be the market top for BTC in this bull run based on the Bitcoin stock-to-flow (STF) indicator, which hinted at $500,000 being the average price for BTC in this market cycle. Other crypto analysts have given more conservative price predictions for this bull run. CryptoQuants CEO Ki Young Ju recently predicted that BTC could hit $265,000. Meanwhile, Anthony Scaramucci, the founder of SkyBridge Capital, predicted that BTC could peak at $170,000 in this market cycle. At the time of writing, Bitcoin is trading at around $60,800, down over 3% in the last 24 hours, according to data from CoinMarketCap. BTC price maintains support above $60,000 | Source: BTCUSD on Tradingview.com Featured image from Bitcoin News, chart from Tradingview.com
This weeks Crypto Biz features Robinhoods Wells notice, Grayscales Ether ETF application, Coinchecks merger deal and Blocks billionaire debt offering.
Twitter co-founder Jack Dorsey believes that Bitcoin (BTC), the industrys largest and oldest cryptocurrency, is on track to hit a massive $1 million within six years.
Former Twitter CEO Jack Dorsey voices his optimism on Bitcoin, projecting it to surpass a $1 million value by 2030.…
The post Ex-Twitter CEO Says Bitcoin Will Hit at Least $1,000,000 Next 6 Years first appeared on The Crypto Basic.
Dorsey criticizes Bluesky's move from decentralization, stressing the importance of adhering to a protocol that supports free speech.
The post Jack Dorsey criticizes Bluesky for straying from decentralized ethos appeared first on Crypto Briefing.
Former Twitter CEO Jack Dorsey predicts Bitcoin could reach at least $1 million by 2030, citing Bitcoin's collaborative ecosystem and growing mainstream adoption as key price drivers.
Jack Dorsey, co-founder of Twitter and CEO of Block Inc., has issued a sharp critique of Bitcoins current direction. He stated that Bitcoin must expand beyond its role as a digital gold and embrace real-world payments. According to Jack Dorsey, failure to adopt payments into Bitcoin’s functionality could result in the cryptocurrency’s eventual irrelevance. He […]
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.