⚡️Why Jack Dorsey Thinks Bitcoin Might Fail — and What Needs to Change

Jack Dorsey — Bitcoin maxi, former Twitter CEO, and head of Block — just dropped a truth bomb: Bitcoin could fade into irrelevance if people don’t actually start using it. Not as some digital gold stash, but as real money.

Let’s break it down.

👤 Who is Jack Dorsey, and why should you care?

• Co-founder of Twitter (now X)
• CEO of Block (formerly Square), which is building crypto payment tools
• Hardcore Bitcoin advocate — he once said BTC could hit $1M
• Backer of the Lightning Network to make BTC fast and cheap to use

So yeah, when he questions Bitcoin’s future, the crypto world pays attention.

🗣️ What did Dorsey actually say?

On the Presidio Bitcoin Podcast, Dorsey said Bitcoin will lose if it stays in “digital gold” mode:

“If Bitcoin is only something that people buy and hold and use in emergencies, it loses. It has to be a transactional currency.”

Translation: If you’re only HODLing and never spending, you’re part of the problem.

🤔 Why hasn’t Bitcoin become everyday money?

Despite Satoshi's OG vision of “peer-to-peer electronic cash,” Bitcoin today looks more like a volatile savings account. Here’s why:

• Slow, expensive base-layer transactions
• Price swings make it hard to use for pricing
• HODL culture dominates — people don’t want to spend something that might 2x tomorrow
• Better payment tools are still being built (looking at you, Lightning Network)

Result: Bitcoin is digital gold. Cool — but not useful for coffee.

💡 Dorsey’s fix: Make Bitcoin usable again

He’s not saying Bitcoin sucks — he’s saying it needs to evolve. His playbook:

• Build intuitive, non-clunky payment apps
• Improve transaction speed and lower fees (hi again, Lightning)
• Keep things decentralized and private
• Push for adoption in real-world stores, apps, games, and services

His company, Block, is investing heavily in this direction. So he’s putting money where his mouth is — kinda.

⚔️ The crypto community is split

Some users clapped back, saying Bitcoin’s main use case is long-term saving — especially in countries wrecked by inflation.

“Bitcoin is for saving. It’s also for payments when you need to escape financial censorship.” — @benkaufman

Others argue: Dorsey has the money and influence to boost adoption, so... why is he just podcasting about it?

💥 Why this debate actually matters

This isn’t just internet drama. The core question here affects the entire ecosystem:

Should Bitcoin be:

• 💰 A digital version of gold?
• 🧾 A peer-to-peer payment system?

Depending on the answer, we’ll see different tools built, different use cases prioritized, and possibly different regulatory responses.

This could shape how BTC is adopted — or ignored — in the coming decade.

TL;DR:

Jack Dorsey thinks Bitcoin is in danger — not because it’s broken, but because people aren’t spending it. He wants BTC to fulfill its original purpose: real, everyday money. But the crypto community isn’t so sure. Some say Bitcoin is better off as digital gold. Others think it’s time to put it to work.

Either way, one thing’s clear: the future of Bitcoin is still up for grabs.