05/09/19 08:00 UTC-4

Twitter head Jack Dorsey: Bitcoin is not a currency, it is more like gold

CryptocurrencyJack Dorsey equates BTC with investment assets
Jack Dorsey equates BTC with investment assets

Twitter CEO Jack Dorsey is confident that it's too early to call bitcoin real currency. To do this, the introduction of BTC should "grow up."


Twitter head compares bitcoin with gold

Jack Dorsey told the Financial Review Australian edition that in its current form, bitcoin cannot be called a full-fledged currency. After all, this requires a wider distribution of cryptocurrency.

"It [bitcoin] is not as functional as a currency. Peaks and drops [BTC prices] are more similar to investment assets and correspond to gold. We should make it more convenient and affordable just like a currency," says Dorsey.

Interesting in the section: Buy your next car using Bitcoins


Editor: Alex Riabukha

See also: "Minus one: The authorities of Burundi have banned cryptocurrencies. They threaten with "tough measures""

#Twitter #Bitcoin #BTC #JackDorsey #Gold #Investments



23/08/19 22:00 UTC-4

Out: Libra founders are preparing an "escape" from the project

​The Libra Association (the organization that should develop Facebook’s cryptocurrency) has 28 members. They include such giants as Visa and Uber. Now at least 3 members are trying to get out of the project because of criticism from regulators.