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Bitcoin must be spent to succeed, says Block CEO, not just held as digital gold.

Market News
28 Oct 2026, 07:16 WIB
Crypto Briefing
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Bitcoin must be spent to succeed, says Block CEO, not just held as digital gold.

Jack Dorsey, CEO of Block Inc., stated that Bitcoin will fail if it only serves as digital gold and is not used for everyday transactions. He emphasized that Bitcoin's success depends on its use as a medium of payment, aligning with its original design as electronic cash. Block has supported this vision by enabling Bitcoin payments through Square, accessible to over a million US merchants. The debate continues between those who see Bitcoin as a store of value and those who want it to be a widely used currency, with Dorsey firmly in the latter camp. This perspective impacts how businesses and investors approach Bitcoin's future.

Jack Dorsey's view on Bitcoin comes as 44 of 50 major cryptocurrencies on Pluang rose today. For readers following the crypto market, here is Pluang's snapshot as of Oct 28, 2026 10:41 WIB: AXS (Axie Infinity) rose 3.85% to Rp17.779 with a typical hold time of 63 days, XRP (Ripple) increased 3.52% to Rp24.293 with 65% sell activity and a 72-day hold, and SNX (Synthetix) gained 3.36% to Rp3.657 with 100% buy activity and a 70-day hold time.

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