Bitcoin bull Jack Dorsey hopes that bitcoin and cryptocurrency can potentially lead to a world of fewer or maybe even zero conflicts. In a recent interview, he stated that he is hoping bitcoin can potentially lead to “world peace.”
Jack Dorsey Wants BTC To Contribute to a Calmer Planet
The CEO of both Twitter and Square suggested in a recent interview that the power of cryptocurrency could potentially lead to a calmer and less aggressive planet by lessening financial inequality, thereby allowing regulators, politicians, and other people in the world to focus on bigger issues.
My hope is that it creates world peace or helps create world peace. We have all these monopolies off balance and the individual doesn’t have power and the amount of cost and distraction that comes from our monetary system today is real and it takes away attention from the bigger problems. All these distractions that we need to deal with on a regular basis take away from those bigger goals that affect every single person on this planet and increasingly so. You fix that foundational level and everything above it improves in such a dramatic way. It is going to be long term, but my hope is definitely peace.
Dorsey has always been there to push the growing crypto agenda. His payment platform Square was one of the first institutional platforms to invest corporate funds into the digital asset, purchasing approximately $50 million worth of BTC back in late 2020. This was later followed up by another purchase of around $120 million, bringing the total BTC valuation on the company’s balance sheet to about $170 million, though Square later announced that it would not be purchasing anymore of the digital currency in the future.
There was also a time when Dorsey was playing with the idea of traveling to Africa on a three-to-six-month basis, hoping he could potentially bring bitcoin and its benefits to the people of the continent. However, little information has been divulged regarding these plans, and it is unclear if they were cancelled due to the ongoing coronavirus pandemic.
Still, Dorsey remains devoted to BTC and has been an advocate for it over the past several years, even going so far as to claim in 2018 that bitcoin would ultimately serve as the world’s predominant currency.
A Whole New String of BTC Products
His latest comments regarding world peace came during an online conference known as “The B Word,” which featured other speakers and industry heads including Elon Musk of both Tesla and SpaceX fame and Cathie Wood, the CEO of Ark Invest.
Not long ago, Dorsey furthered his bitcoin plans when he announced that Square was working on a whole new line of bitcoin-based products and services, though at press time, the company has not divulged specific details regarding what these services and tools will include.