Legendary entrepreneur and Twitter founder Jack Dorsey has re-entered the dialogue surrounding Bitcoin, asserting in no uncertain terms that “Bitcoin is money.” This statement underscores his long-held belief that Bitcoin should serve as a daily currency rather than a speculative asset. Dorsey further clarified this notion, emphasizing, “Bitcoin is not crypto,” a sentiment echoed by Adam Back, who is often cited in discussions about Bitcoin’s inception.
For years, Dorsey has championed Bitcoin’s potential as a practical medium of exchange, arguing against its portrayal as a volatile investment. He has called for a tax exemption on small payments made using Bitcoin, expressing concern that regulatory friction and existing payment systems have deviated from Bitcoin creator Satoshi Nakamoto’s original vision. Dorsey’s platforms—Square, Cash App, and Lightning Network—are being positioned as essential infrastructure that could scale Bitcoin’s use as a currency.
Feedback from small businesses indicates that Dorsey’s message is resonating. Sellers at farmer markets are currently experimenting with zero-fee trials through Square, with the goal of eliminating transaction fees entirely by 2026. Dorsey’s vision is to create an environment where Bitcoin transactions facilitate direct peer-to-peer payments, potentially transforming the landscape for merchants who currently contend with tight margins dictated by traditional card networks like Mastercard and Visa.
In parallel to his advocacy for Bitcoin, a longstanding speculation has resurfaced in the Bitcoin community regarding Dorsey’s potential identity as Satoshi Nakamoto. Proponents of this theory draw connections between his early work in cryptography and various timelines relating to Bitcoin’s development. There are also intriguing links to Dorsey’s personal history, such as references in his Twitter bio and coinciding significant dates in the Bitcoin narrative with events in his life and family.
Despite the swirling speculation, Dorsey remains focused on advocating for Bitcoin’s use as a form of money, rather than an investment vehicle. His commitment to this vision continues to have a significant impact on the conversation surrounding Bitcoin’s future in everyday transactions.
