Jack Dorsey, CEO of Block, says Bitcoin will only succeed if it is used for everyday payments rather than serving solely as a store of value. This position echoes the original Bitcoin whitepaper, which described the project as a peer-to-peer electronic cash system. Block is backing that approach by making Bitcoin available to more than one million US merchants through Square, while also holding approximately 8,000 BTC on its corporate balance sheet. The debate pits Bitcoin’s role as digital gold, championed by figures such as Michael Saylor, against its potential to function as a medium of exchange integrated into everyday financial life.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
