<ul><li>Jack Dorsey, CEO of Block and former Twitter chief, warned that Bitcoin's increasing popularity among major financial institutions could threaten its open ethos.</li><li>Dorsey acknowledged the inevitability of more institutional involvement but hoped that people would continue to embrace the principles that made Bitcoin successful.</li><li>He emphasized the permissionless nature of Bitcoin, suggesting it provides a unique opportunity for developers to build without seeking permission from major institutions.</li><li>Dorsey expressed concern that if Bitcoin solely focuses on being a store of value and neglects its use for payments, it risks losing relevance and slipping into obscurity.</li></ul>

Bitcoin At Risk Of Institutional Capture, Warns Jack Dorsey

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