Jack Dorsey: Bitcoin is ‘not functional as a currency’ right now

Twitter and Square CEO Jack Dorsey is an advocate of digital currency bitcoin. The peaks and troughs are like an investment asset and are equivalent to gold,” Dorsey told the Australian Financial Review in a story published Thursday. “What we need to do is make it more usable and accessible as a currency, but it’s not there yet,” Dorsey said. Bitcoin is volatile: It is currently trading at around $10,250, according to digital currency exchange Coinbase; in December 2017 it traded above $19,500,


Twitter and Square CEO Jack Dorsey is an advocate of digital currency bitcoin. The peaks and troughs are like an investment asset and are equivalent to gold,” Dorsey told the Australian Financial Review in a story published Thursday. “What we need to do is make it more usable and accessible as a currency, but it’s not there yet,” Dorsey said. Bitcoin is volatile: It is currently trading at around $10,250, according to digital currency exchange Coinbase; in December 2017 it traded above $19,500,
Jack Dorsey: Bitcoin is ‘not functional as a currency’ right now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: catherine clifford
Keywords: news, cnbc, companies, twitter, usable, traded, jack, right, digital, troughs, dorsey, bitcoin, volatile, functional, trading, currency


Jack Dorsey: Bitcoin is 'not functional as a currency' right now

Twitter and Square CEO Jack Dorsey is an advocate of digital currency bitcoin. But he also says it is not ready to be a currency.

“It’s not functional as a currency. The peaks and troughs are like an investment asset and are equivalent to gold,” Dorsey told the Australian Financial Review in a story published Thursday.

“What we need to do is make it more usable and accessible as a currency, but it’s not there yet,” Dorsey said.

Bitcoin is volatile: It is currently trading at around $10,250, according to digital currency exchange Coinbase; in December 2017 it traded above $19,500, and in January 2019, it traded below $3,350.

Still, Dorsey is a supporter of both bitcoin and the broader idea of an Internet-based currency.


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: catherine clifford
Keywords: news, cnbc, companies, twitter, usable, traded, jack, right, digital, troughs, dorsey, bitcoin, volatile, functional, trading, currency


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