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Former Twitter CEO and Block co-founder Jack Dorsey believes Bitcoin could fail if it doesn’t evolve beyond being just a store of value. In a recent video shared online, Dorsey warned that Bitcoin’s future depends on its everyday utility—especially as a medium of payment.
Jack said in a video posted by Bitcoin News, “I think it fails through irrelevance… if it just ends up being [a] store of value and nothing more, I don’t think it gains relevance at all.”
He emphasized that Bitcoin needs to become a part of daily financial interactions to stay relevant. “I think it has to be payments for it to be relevant every day. Otherwise, it’s just something you kind of buy and forget, and only use in emergency situations,” he said.
Dorsey’s comments reignite an ongoing debate in the crypto space: will Bitcoin ever fulfill its vision as a peer-to-peer digital currency, or remain primarily a long-term investment asset? While many view Bitcoin as “digital gold,” Dorsey warned that this alone is not enough to keep it relevant in the evolving financial world.
His company Block (formerly Square) has long supported Bitcoin payments, building infrastructure that enables people and businesses to transact in BTC. However, adoption remains limited due to concerns around price volatility, transaction speed, and fees.
The video was shared by Bitcoin News and can be viewed here:
JACK DORSEY: Bitcoin fails by being irrelevant.
It becomes irrelevant if it's only a store of value and not used for everyday payments. pic.twitter.com/wmEO6sZWH1
— Bitcoin News (@BitcoinNewsCom) April 2, 2025