Satoshi

Bank

Bitcoin

Standard

Time

<p>The billionaire Jack Dorsey, founder of Twitter and strong advocate of Bitcoin, predicts a bright future for the queen of cryptos. During a recent conference in Tuscany, Italy, he asserted that Bitcoin could replace the US dollar within 15 years, disrupting the global financial order.</p>
<h2 id="h-bitcoin-future-king-of-currencies">Bitcoin, future king of currencies?</h2>
<p>During a conference in Italy, <a href="https://www.cointribune.com/bitcoin-btc-block-et-jack-dorsey-democratisent-un-portefeuille-self-custody/" target="_blank" rel="noopener noreferrer nofollow">Jack Dorsey</a> outlined his vision for the future of Bitcoin. According to him, the cryptocurrency will evolve from a store of value to a currency used daily, without a central authority.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>“<em>It won’t be in 10 years, but maybe in 15 years</em>“, Dorsey estimates. He <a href="https://decrypt.co/238168/bitcoin-replace-us-dollar-twitter-founder-jack-dorsey" target="_blank" rel="noopener noreferrer nofollow">emphasizes</a> that adoption will take time, but gradually, people will understand the power of the Bitcoin system and its potential to complement, if not replace, the US dollar.</p>
<p>This prediction comes as the IMF warns of a possible decrease in the dollar’s share in the reserves of global central banks. Dorsey sees Bitcoin as an alternative to the dollar-yuan duopoly, offering users more control and freedom over their money.</p>
<p><em>“The US dollar and the Chinese yuan are two entities that control the value of your money, and you don’t choose them, whereas with Bitcoin, you have much more control and much more freedom to act around it.”</em></p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-a-global-economic-upheaval-in-sight">A global economic upheaval in sight</h2>
<p>Dorsey’s optimism is set against a favorable backdrop. Bitcoin is experiencing a remarkable year in 2024, marked by the approval of spot ETFs and the establishment of new ATHs. Analysts at <a href="https://www.cointribune.com/en/bitcoin-at-100000-before-the-elections-standard-chartered-says-yes/" target="_blank" rel="noopener noreferrer nofollow">Standard Chartered Bank</a> even predict a price of $100,000 by November.</p>
<p>The billionaire goes further, predicting <a href="https://www.cointribune.com/en/bitcoin-jack-dorsey-predicts-that-the-flagship-cryptocurrency-will-reach-1-million/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin at $1 million</a> by 2030. “<em>I think this figure will be reached and even exceeded</em>“, he asserts with conviction.</p>
<p>These projections are based on the growing adoption of Bitcoin and its potential to revolutionize international payments. Dorsey emphasizes the importance of reducing global dependence on currencies controlled by central entities.</p>
<p>In short, Jack Dorsey’s bold bet on the future of Bitcoin reflects his unwavering faith in <a href="https://www.cointribune.com/satoshi-nakamoto-qui-est-le-fondateur-du-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Satoshi Nakamoto’s</a> invention. If his prediction comes true, it would mark a major paradigm shift in the global economy. Time will tell if he is right.</p>

Will Bitcoin Dethrone the Dollar?

Table of Contents

Cointribune EN

Other articles published on Jul 3, 2024

Cobo Integrates The Open Network

BlockDAG Showstopper Keynote 2 Leads to $30 by 2030 Predictions as Cardano Declines and Bonk Fluc...

Hybrid Exchange Becomes Talk of Town After Outshining Solana ETF and Chainlink Price Prediction

Altcoins to Avoid as Bitcoin Sub-$60k Hints at Extended Correction

K33 Says “Big Month is Here”, Claims Balance Between Bitcoin and Ethereum Will Be Shaken

Jefferies Chief Strategist Chris Wood Justifies Corporate Allocation To Bitcoin

Join our free newsletter for daily crypto updates!