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Bitcoin Will Fail If It Remains Just a Store Of Value, Warns Jack Dorsey

  • Jack Dorsey, CEO of Block and former CEO of Twitter (Now X), has cautioned that Bitcoin may risk losing relevance if it remains solely a store of value.
  • Bitcoin needs to evolve beyond being just a store of value to ensure long-term viability, according to Dorsey.
  • Dorsey emphasized the importance of Bitcoin becoming a practical payment system used for daily transactions.
  • He pointed to emerging circular economies in regions outside the Western financial bubble as evidence of Bitcoin's potential.

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