Jack Dorsey: Bitcoin Will Fail If It Ends Up Just Digital Gold (Historical Video) In an interview with Abundant Mines on January 16, 2025, Block co-founder Jack Dorsey stated that while national Bitcoin reserves are good for the countries themselves, they may not necessarily benefit Bitcoin itself. He believes that if Bitcoin ultimately becomes just digital gold, then it has failed. The white paper describes it as peer-to-peer electronic cash. Only when it becomes a currency that can be used daily and allows for permissionless transfer of funds will it be considered a success. Source: Abundant Mines