Twitter co-founder Jack Dorsey: Bitcoin will fail if it is just a store of value "
According to online reports, Jack Dorsey, co-founder of Twitter and current CEO of Block, said in the "Presidio Bitcoin" podcast that if Bitcoin only became a store of value, it would fail because Bitcoin's success stems from payments. However, due to limited supply, Bitcoin has the potential to become a store of value equivalent to gold. This view has made many people reluctant to spend their Bitcoin because they hope the value of the asset will continue to grow, but Jack Dorsey pointed out that if Bitcoin does not transition to payments and find daily use cases, it will eventually deviate from the original intention of the white paper and lead to eventual failure.
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