Speaking in an interview with Quartz on June 14, Dorsey, who has made a name for himself as a Bitcoin advocate, said that the world was in a unique position to change the financial system. Blockchain-based cryptocurrency, he said, would be that change.
“This is our one opportunity to align every community, and every country, around the world, which I think provides a lot of clarity, enables a lot more innovation, and most importantly, creates a probability of much greater access for more people,” he told the publication.
Bitcoin is enjoying a resurgence in public consciousness on the back of two months of price rally and increased media attention.
For Dorsey, cryptocurrency is one of just two “big secular trends” in worldwide finance – and Bitcoin, with its “amazing brand,” will take the poll position. The other trend is a shift toward algorithm deployment.