Bitcoin will replace the dollar, Jack Dorsey tells Cardi B in response to the rapper’s crypto question

Bitcoin will replace the dollar, Jack Dorsey tells Cardi B in response to the rapper’s crypto question

Twitter cofounder Jack Dorsey just made a bold prediction: He says will replace the . Dorsey, boss of digital financial services provider Block, was responding to a tweeted question from Cardi B. The rapper asked late Monday whether people believed virtual assets will replace the world's reserve currency. Cardi B's tweet had drawn more than 37,000 likes and 5,300 comments at last check. Popular financial meme account @litquidity responded with: "the before crypto." Meanwhile, Dorsey's tweet was met with , applause and straightforward . Dorsey has consistently praised bitcoin, saying his passion for the asset comes in part from the behind the cryptocurrency. His recent departure from the CEO role at Twitter is seen as likely linked to his ambitions around bitcoin. Block, which after Dorsey left Twitter, has a big focus on crypto. It plans to build a bitcoin-inspired financial services business through a new division called TBD, which has been on a and already has followers on Twitter. Earlier this year, the then-Square said it was building a to "make bitcoin custody more mainstream." The company has made it clear it wants bitcoin to be the "native currency of the internet." In June, Dorsey said he would ,