Jack Dorsey: Bitcoin will fail if it is just a store of value

CoinRank News: Jack Dorsey, co-founder of Twitter and current CEO of Block, said in the Presidio Bitcoin podcast that if Bitcoin becomes just a means of storing value, it will fail because Bitcoins success comes from payments. However, due to its limited supply, Bitcoin has the potential to become a means of storing value on par with gold. This view has led many people to be reluctant to spend their Bitcoin because they hope that the value of the asset will continue to grow, but Jack Dorsey pointed out that if Bitcoin does not transition to payments and find daily use cases, it will eventually deviate from the original intention of the white paper and lead to its ultimate failure.