The Twitter CEO Predicts Bitcoin Will Become The World's Currency

Chief Executive Officer (CEO) of Twitter, Jack Dorsey, predicted that bitcoin will replace all the world currencies in the next 10 years. Dorsey believes in the end bitcoin will overcome all kinds of financial transaction barriers adopted globally so far.

However, the candidate for the Governor of the Central Bank of San Francisco, John Williams, does 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. "The digital currency does not pass the basic requirement of how a currency should be," William said.

Even so, many entrepreneurs want the bitcoin to be a legitimate means of payment. Although currently bitcoin users are still constrained prices are easy up and down, mainly due to banning advertising on multiple platforms and refusals in some countries.

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