Twitter head called Bitcoin the best currency on the Internet

[Switchere_official]

Jack Dorsey, the general director of the social network, is sure that the cryptocurrency meets the principles of the World Wide Web, so it can become its monetary unit. But there are several obstacles that hinder the recognition of the BTC.

The Internet requires its own currency, and Bitcoin is the best contender for this place, said the head of Twitter and Square Jack Dorsey in an interview for Reuters. According to him, the cryptocurrency and the Worldwide Web have a common feature — these tools are developed by the community and built according to common interests.

“The Internet requires its own currency, and bitcoin is the best option at the moment. I don’t see how this can change, given all the people who have the same goal and are working to unlock the potential of the cryptocurrency,” Dorsey said.

He added that there are several obstacles to recognizing the cryptocurrency. First, it is necessary to solve the bitcoin network problems regarding the speed of transactions — it is low. BTC blockchain is able to conduct 4–7 transactions per second, when, for example, this figure for Visa payment system is 24 thousand transactions per second. Secondly, the society has not yet learned all the advantages that digital assets have.

Dorsey is a strong supporter of cryptocurrency and helps to spread it in the society. For example, in May, the Cash App from Square, which is owned by Jack Dorsey, was added to the opportunity to acquire digital assets. And in July, the Bitcoin logo appeared on the NASCAR car sponsored by Square.

[masterrex]

As the pioneering cryptocurrency Bitcoin has a charisma to be the best in terms of market value, capitalization etc, Bitcoin is the leader but in terms of technological efficiencies like the transaction speed and fees, I can say that there are other cryptocurrencies which is more efficient compare to Bitcoin. thats all I can say,

[MrSpasybo]

Jack Dorsey is still famous as a cryptocurrency advocate in general & BTC in particular. He has made many statements regarding BTC's bright future in the economy, which has energized BTC's recovery, increasing BTC awareness in the community.
Hopefully Mark Zuckerberg supports BTC as well, because the future of Libra is still not guaranteed.

[Istiak]

Yes, there is no doubt about that. It was always the best investment sector on the internet. We have seen high volatility in the markets and that why risk and reward are both high. With some smart move and proper money management, you can be rich in a few years in crypto.

[bigcash2011]

If the bitcoin blockchain gets scaled and results in faster and cheaper transactions then bitcoin can really grow massively both as an asset as well as as a mode of payment and remittance. I hope btc developers will come up with something solid soon.

[Galley]

The first is always the first, another cannot be said about it. Bitcoin is not as fast as we would like, but it is reliable. But perhaps we will still wait for fast and inexpensive transactions that can fully satisfy us in everyday life.

[mahid]

I corroborate the comments of the director. There are lots of crypto currency are in the market but BTC is the only king. Now a days some are express that YFI is the king. But the real investor of the crypto will always support BTC.   

[highnayem34]

Yes I knows that bitcoin has the power to be the best cryptocurrency in the market whether twitter said or not.

[Bobcrypto]

As the pioneering cryptocurrency Bitcoin has a charisma to be the best in terms of market value, capitalization etc, Bitcoin is the leader but in terms of technological efficiencies like the transaction speed and fees, I can say that there are other cryptocurrencies which is more efficient compare to Bitcoin. thats all I can say,

Hi friend, irrespective of these shortcoming as highlighted, I think the Bitcoin is absolutely the internet digital mony at the moment as emphasized by the social media - twitter general.
All the obstacle listed can can overcome in near future, and as a matter of just little time frame, the world would have no options than to fully adapt to to Bitcoin.

[Debasco]

though the fact that Bitcoin is the first cryptocurrency give it edge above any other coin, because its believe that every other coin are following the foot step of bitcoin, So for him to say that its right when considering antecedent

[TomPluz]

Jack Dorsey of Twitter is one of the most solid supporter of Bitcoin for many years and I think that the whole cryptocurrency industry owe him a lot of gratitude for always promoting the coin whenever he can. He is one of the most famous believers in Bitcoin as the money of the internet today and into the future.

[lepbagong]

Yes I knows that bitcoin has the power to be the best cryptocurrency in the market whether twitter said or not.

no one can deny and underestimate what you say that it is true that bitcoin is the power of cryptocurrency that should not be underestimated. without approval from anyone, indeed it is a reality even though the one who says it might be influential but whether it can and does it affect it, I don't think it will and still has long been accepted by bitcoin.

[Jaephoenix]

Its natural. Mainstream adoption is gradually spiking, helped on with the DeFi craze. But hampered by the many scams and shady transactions associated with crypto

[Tnoy30]

The popularity of Bitcoin and the prestige of Bitcoin have been further enhanced by the fact that many economists have made valuable statements about Bitcoin. So I think economists have been able to think better. Because they know that the future of Bitcoin is bright and Bitcoin has a wonderful future. There is no doubt about that. So economists from different countries have said that Bitcoin is the best because of their valuable statements. They said in their speech to use different strategies of using bitcoin. They say to make technological improvements. So I think Bitcoin is the best.

[Paglamon]

Coins are much more expensive than Bitcoin in terms of price. These coins are less popular in the market. But the popularity of Bitcoin is many times higher. So everyone has accepted Bitcoin as the king of the cryptocurrency world. Because Bitcoin is used by people in many countries. Bitcoin plays a huge role in the economies of different countries. Because Bitcoin covers a huge part of the economy. So Bitcoin experts and economists say that the future of Bitcoin will be bright. Bitcoin will be declared the greatest currency for a bright future.