Twitter CEO: Bitcoin Will Replace US Dollars in the Future

Chief Executive Officer (CEO) of Twitter, Jack Dorsey, predicted that bitcoin will replace all the world currencies in the next 10 years. However, the candidate for the Governor of the Central Bank of San Francisco, John Williams, did not agree with Jack Dorsey's prediction.

In his speech, John Williams explained that bitcoin can never replace paper money. As many people question the usefulness of bitcoin, William says that digital money is fluctuating, making it difficult to pay the right price for a particular item.

Digital currency does not pass the basic requirements of how a currency should be, "said William quoted from page Livetradingnews, Wednesday (25/04/2018).

Even so, many entrepreneurs want the bitcoin to be a legitimate means of payment.

Meanwhile, Jack Dorsey explains that bitcoin will be used as the currency in the future.

"The world will eventually only have one currency, the internet will also have one currency, I personally believe that the currency is bitcoin," he said.

Meanwhile, many critics and debates about whether this digital currency will be easy to set up and use as currency. The Future Commodity Trade Commission (CFTC) considers that bitcoin is a commodity to date.

Source :
https://m.liputan6.com/bisnis/read/3480533/ceo-twitter-bitcoin-bakal-gantikan-dolar-as-di-masa-depan