During a recent mining conference, Jack Dorsey affirmed his support for Bitcoin. He believes that the cryptocurrency is closely linked to the global energy infrastructure and will play a role in its modernization and growth.
Dorsey also emphasized the importance of combating the centralization of mining pools, stating that Bitcoin should never be controlled by a single team or group of miners. Currently, just 11 mining pools control the majority of Bitcoin’s hashing power, causing concerns for the health of the ecosystem.
To address this, Dorsey believes in encouraging the emergence of more pools to increase competition. He also predicts that Africa will play a major role in expanding Bitcoin’s infrastructure in the near future.
Similarly, Ark Invest CEO Cathie Wood sees Bitcoin as a driving force in modernizing the global payment system and considers it a reliable investment choice in the market.
