At the recent Presidio Bitcoin event, tech entrepreneur Jack Dorsey issued a stark warning: Bitcoin’s survival hinges on its transformation into a widely adopted medium of exchange. Dorsey emphasized that if Bitcoin remains primarily a long-term investment tool, it risks becoming irrelevant in the broader economy.
The former Twitter CEO voiced concern over the dominant narrative portraying Bitcoin solely as a store of value. He argued that the widespread practice of “hodling” — holding Bitcoin during economic uncertainty in hopes of future appreciation — sidelines its true potential as a functional currency. “Treating Bitcoin only as digital gold,” Dorsey warned, “could confine it to the fringes of global finance.”
Dorsey highlighted promising examples from regions in Africa, Central America, and South America, where communities are increasingly using Bitcoin for everyday transactions. From buying meals and coffee to paying for services, residents in these areas are embracing Bitcoin as actual money — not just a speculative asset. This grassroots utility, he suggested, represents the future Bitcoin must embrace to remain vital.
He also called on developers to expand their focus beyond the Lightning Network, a popular second-layer solution for scaling transactions. While Lightning has facilitated faster payments, Dorsey believes relying solely on one method limits innovation. He urged the community to explore new solutions that enhance speed, privacy, and usability — ideally creating tools capable of rivaling conventional systems like Visa and Mastercard.
“Bitcoin hasn’t yet fulfilled the original vision of peer-to-peer electronic cash,” Dorsey asserted, encouraging the ecosystem to build more inclusive and commerce-ready infrastructure.
His comments come amid intense market volatility. Bitcoin has plunged 8.10% in the last 24 hours and 6.73% over the past week. Derivatives trading surged by 183.58%, reaching $183.10 billion, while options trading volume spiked by 327.28% to $5.11 billion. Total liquidations have topped $467.60 million in 24 hours.
As Bitcoin weathers price turbulence, Dorsey’s message is clear: evolution, not stagnation, will determine its future.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Charles Hoskinson Predicts $250,000 Bitcoin ATH Within a Year Despite Market Downturn
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