RATE Group | Will Jack Dorsey Help Propel Bitcoin to $250,000?
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Will Jack Dorsey Help Propel Bitcoin to $250,000?

26 Jan Will Jack Dorsey Help Propel Bitcoin to $250,000?

Posted at 20:21h in Bitcoin News by

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  • Jack Dorsey is working on a kit that can help integrate Lightning Network to bitcoin wallets.
  • Dorsey’s Square won a patent for a crypto-to-fiat payment system.
  • Bitcoin can take multiple roads to a multi-trillion dollar valuation.

Tim Draper has not backed off his prediction that bitcoin will skyrocket to $250,000 in 2023. The venture capitalist who invested in Skype, Tesla, and SpaceX believes that key improvements happening on the Bitcoin network will catalyze the surge in valuation. Developments such as the Open Node and Lightning Network are helping bitcoin’s cause. Nevertheless, Draper believes that more engineering needs to be done so that the number one crypto can become a widely-used currency.

Fortunately, Jack Dorsey is hard at work to help create the infrastructure so that bitcoin can become the “native currency” of the internet.

Dorsey Working on a Lightning Development Kit That Can Improve the Bitcoin Network

Draper believes that bitcoin…

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