Twitter CEO Jack Dorsey Counting on Bitcoin to Bring World Peace

Shortly after starting a new Bitcoin business with Square.

Tech
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Twitter and Square CEO Jack Dorsey hopes that Bitcoin will bring “world peace.”

During a Bitcoin webinar on Wednesday, the cryptocurrency advocate expressed his hopes that Bitcoin would create a better future.  “My hope is that it creates world peace or helps create world peace,” he said. “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.”

Explaining how a more balanced economic and monetary system would help us focus on bigger issues, Dorsey went on to say that “All these distractions that we have to deal with on a daily 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’s going to be long-term but my hope is definitely peace.”

The new comments from Dorsey come shortly after his company Square announced the launch of a new Bitcoin business named TBD.

Elsewhere in tech, news of Elon Musk owning Bitcoin has pumped up the crypto market.

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