Categories: BitcoinNews

Joe Rogan and Twitter CEO Jack Dorsey talk about Bitcoin on the JRE Podcast

Jack Dorsey, CEO of Twitter and Square talked about Bitcoin on Joe Rogan’s Podcast on Friday. The Joe Rogan Experience is one of the most popular podcasts in the world with over 4.4 Million followers on Youtube.

Among the many topics discussed in the podcast episode, the gentlemen also discussed Bitcoin and Blockchain. The topic came up when Joe asked Jack about Square’s general purpose payments application – Cash App which has amassed over 34 Million downloads to become one of the most popular finance apps right next to PayPal and Venmo. Cash App enabled Bitcoin as a payment option last year and has seen tremendous growth.

The internet will have a native currency, I think it will be Bitcoin

The 44-year-old Twitter founder believes that there will be a native currency for the internet. He says that it will most likely be Bitcoin given its history and resilience over the last 10 years.

“I believe the Internet will have a native currency and I don’t know if it’s Bitcoin. I think it will be Bitcoin given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet, [and] it is of the Internet.”

Jack also claimed that Square was the first publicly traded company to offer a Bitcoin service and talk to the SEC about what it means. The company has also gone on lengths to educate people about Bitcoin, it even enforced constraints on users from using Credit cards or day trade on the platform to encourage better use of the technology.

Although Bitcoin was created to be a currency for the internet, Jack admits that users are viewing it more like an asset similar to gold.

Banks love Blockchain, hate Bitcoin

Bitcoin is fundamentally disruptive to central banks and banks that operate as middlemen for settlements. Jack admits that Bitcoin technology is fundamentally disruptive to banks and even governments. He said:

“They all love Blockchain because of the efficiencies it can create for their business and potentially new business lines”

Then goes on to explain what a Blockchain is…

“There is no centralized check, there is no centralized control over it and I think that it’s threatening to certain services behind banks and financial institutions, it’s threatening to some governments as well. I just look at this and like how do we embrace this technology, not react to it more from a threat standpoint.”

He then goes on to say that people should be willing to ask the question of how this technology shifts the values and where it goes from there. He says that if people do not examine new emerging technologies they will become irrelevant as technology marches on.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Shrikar Parashar

Shrikar is a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.

Share
Published by
Shrikar Parashar

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago