Why Jack Dorsey's Opinion on Bitcoin Scares Me
Block (NYSE: SQ) Chief Executive Officer Jack Dorsey is a Bitcoin (CRYPTO: BTC) extremist. I know extremist is kind of a charged word. I don't necessarily mean it in a negative way. Many people are extremists. I like extreme sports. If I'm playing poker, I love to say, "I'm all-in." That's an extreme move. My religion was founded by a man who said things like "Give all your money to the poor" and "Love your enemies." One of my favorite rock bands says, "All you need is love." Extremism can be fine and fun and right. But it can also be highly risky and dangerous.
So why do I call Dorsey a Bitcoin extremist? He says things like "Bitcoin changes absolutely everything." He suggests that the dollar will disappear. His hope is that Bitcoin will bring about world peace. To my ear, these are extreme things to say. (And more than a little ridiculous. When has money ever brought about world peace?)
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Source Fool.com
