On the road to de-dollarization, “bitcoin will be the new world currency”

Jack Dorsey, CEO of Block Inc., believes that#Bitcoinwill replace the dollar due to global economic problems.

Jack Dorsey, CEO of the company Block, does not speak directly about de-dollarization, but he does show that he believes that this process is underway. What he does say he is firmly convinced of is that#Bitcoin(BTC) will replace the dollar as the world's reserve currency.

During his speech at a live event in Italy, Dorsey detailed the reasons why he considers bitcoin to be the best money currently available, so it has a promising future that makes it the new world currency.

It is mainly due to the fact that bitcoin is “freedom money, without permission”, contrary to the dollar and all fiat money for which authorization from governments, banks, corporations or third parties is required.

Today everything requires permission: money, speech, intelligence. I'm sure everyone has had the experience of going to a bank and putting money in there, depositing more money and more, but when you need to take it out, it turns out that you have to talk to someone and, in some cases, they can even block you from taking that money out. In other cases, the money can disappear. All of this is because to participate in today's economy you need to ask permission, even from your government to use the currency you have in your pocket. Permission from your bank and from every person you know. There is no freedom.”

Jack Dorsey, CEO of Block.

The founder of#Twitteralso recognizes that all the friction that occurs in today's economy is good for minimizing fraud and crime, but what is really happening is that financial freedom is limited. And the same thing happens with digital communication, because “many of the platforms that are available today have the power to close your account, even if you do the right thing and respect all their policies,” added Dorsey.