Bitcoin At Risk Of Institutional Capture, Warns Jack Dorsey

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Bitcoinist 1d ago

Bitcoin At Risk Of Institutional Capture, Warns Jack Dorsey - Bitcoinist

Quick Summary:

In a "21 and 21” rapid-fire interview with Haley Berkoe at San Francisco’s Presidio Bitcoin workspace, Jack Dorsey—CEO of Block and former Twitter chief—cautioned that BTC’s growing popularity among major financial institutions could threaten the open ethos that gave rise to the world’s largest cryptocurrency.

From building more accessible wallets to reinforcing the permissionless nature of Bitcoin, Dorsey sees plenty of work ahead.

I think it has to be payments for it to be relevant on the everyday,” Dorsey said, warning that otherwise Bitcoin risks “just not showing up in people’s lives” and slipping into obscurity.