Jack Dorsey Declares: “Bitcoin Is Not a Crypto — Bitcoin Is Money”

Twitter co-founder and Block CEO Jack Dorsey has reignited debate over Bitcoin’s true identity, declaring once again: “Bitcoin is not a crypto, Bitcoin is money.” His stance underscores a return to Bitcoin’s original purpose — not as a speculative asset, but as a functioning global currency.

⚡ Quick Hits

• 💼 Block Inc joins the S&P 500, cementing crypto’s foothold in traditional finance
• 🏛️ U.S. Senate bill proposes tax exemptions on small Bitcoin payments
• 💳 Focus: Real-world merchant adoption via Cash App and Block terminals
• 💬 Community reaction: Split — admiration for vision, doubt over implementation

🪙 Bitcoin as Money — Not “Crypto”

When Dorsey says Bitcoin is money, he’s rejecting the noise of altcoin speculation and returning to Satoshi Nakamoto’s 2009 blueprint: a peer-to-peer system for direct, borderless payments.

“We want Bitcoin to be everyday money ASAP,” Dorsey wrote.

This philosophy defines Block Inc’s strategy — embedding BTC payments into Cash App, merchant platforms, and POS infrastructure, enabling frictionless, instant settlement.

Unlike speculative projects chasing hype cycles, Dorsey’s mission centers on Bitcoin utility — a monetary network that competes with Visa, not Dogecoin.

💼 Wall Street Validates the Vision

Block Inc’s inclusion in the S&P 500 marks a watershed moment: a Bitcoin-integrated company now sits at the table with America’s financial elite.

It’s more than symbolic — it’s structural proof that crypto-native business models can drive real revenue and survive beyond hype cycles.

Block’s ecosystem — spanning payments, hardware, and remittances — now channels Bitcoin directly into mainstream commerce, aligning Wall Street capital with the world’s most decentralized currency.

“This isn’t just a company milestone,” one analyst noted. “It’s Bitcoin’s infiltration of the S&P 500 economy.”

🏛️ Policy Moves: Bitcoin in the Senate

Dorsey’s advocacy has also shaped regulatory discourse. Senator Cynthia Lummis introduced a bill that would exempt small Bitcoin transactions from capital gains tax, finally removing one of the biggest barriers to real-world usage.

If passed, it would allow Americans to spend Bitcoin like dollars — on coffee, groceries, or travel — without triggering a taxable event.

That’s the bridge from speculation to circulation Dorsey has been calling for since 2021.

🧠 Philosophy Over Profit

Dorsey’s insistence that “Bitcoin is money” also serves as a quiet critique of the crypto industrial complex — a market obsessed with yield farming, memecoins, and token speculation.

He’s been openly skeptical of Tether’s Bitcoin donations, arguing that corporate gestures shouldn’t replace genuine ecosystem building or developer funding.

His ethos echoes early cypherpunk values: open networks, verifiable code, and financial sovereignty.

“Bitcoin doesn’t need saving,” Dorsey said in a recent interview. “It needs use.”

🌍 The Bigger Picture

As Block brings Bitcoin payments to merchants and regulators explore supportive frameworks, Dorsey’s conviction looks increasingly prescient.

Bitcoin is evolving from a store of value into a functional medium of exchange — not a “crypto asset,” but digital cash with corporate and legislative backing.

It’s not just a financial experiment anymore. It’s becoming the monetary operating system for the next generation of commerce.

TL;DR

• 🪙 Jack Dorsey: “Bitcoin is money, not crypto.”
• 💳 Block integrates BTC payments into Cash App and merchant tools.
• 🏛️ U.S. Senate bill seeks tax-free small Bitcoin payments.
• 💼 Block joins S&P 500, bridging Bitcoin and traditional finance.
• ⚡ Goal: Make Bitcoin a global medium of exchange — not a speculative bet.