Twitter's former CEO has predicted bitcoin will eventually replace the U.S. dollar
... [+]Dorsey, replying to rapper Cardi B on Twitter—who asked"do you think crypto is going to replace the dollar?"—Earlier this month, Dorsey left Twitter to begin working full time at his payments company, recently renamed Block, which includes Square and Cash App., often talking up bitcoin's prospects in interviews and rolling out bitcoin-based services at both Twitter and Square.
"If I were not at Square or Twitter, I'd be working on bitcoin," Dorsey said at a Miami bitcoin conference in June. At the time, he said"both companies have a role to play."that"bitcoin will unite a deeply divided country," and"eventually [the] world." Following his bitcoin prediction, Dorsey joined Tesla chief executive Elon Musk in mocking the idea of a crypto-based web3, intended to be a successor to the Silicon Valley-based web 2.0 that led to the internet dominance of Google, Facebook, Microsoft and Amazon., with Dorsey replying:"It’s somewhere between a and z"—thought to be a reference to technology venture capital company Andreessen Horowitz that's recently invested billions in the development of web3..
Web3 hype has been boosted this year by the soaring price of some cryptocurrencies and non-fungible tokens designed to support its growth and the rebranding of Facebook to Meta. "Just like NFTs, web3 and metaverse platforms are the next natural progression in how we interact, relate, and communicate with each other," Meta chief executive Mark Zuckerberg said in