Jack Dorsey believes Bitcoin should function as a medium of exchange, not just a store of value.

From Yahoo Finance: 2025-04-06 15:00:00

Block CEO Jack Dorsey believes Bitcoin will fail if it solely becomes a store of value, emphasizing the need for it to be a medium of exchange. This perspective challenges the predominant view that Bitcoin could rival gold as a store of value. Dorsey advocates for simple, speedy, and secure payment solutions to enhance Bitcoin’s relevance and address volatility concerns. The debate over Bitcoin’s primary function continues, with some arguing for its importance as a store of value amid global economic uncertainties. Satoshi Nakamoto’s original vision for Bitcoin as a peer-to-peer digital cash system is contrasted with the current focus on its value as an asset. As the narrative around Bitcoin evolves, speculators drive its market dynamics, treating it more like a tech stock than a currency. The debate between Bitcoin’s role as a store of value versus a means of payment remains a key point of contention in the cryptocurrency community.



Read more at Yahoo Finance: Jack Dorsey Says Bitcoin Fails If It Is Not Used For Everyday Payments