Bitcoin’s Future in Jeopardy if It Remains Solely a Store of Value, Warns Jack Dorsey
In a recent address at Presidio Bitcoin, Jack Dorsey, the CEO of Block and former CEO of Twitter, sounded a note of caution about the future of Bitcoin. Dorsey emphasized the need for Bitcoin to evolve beyond being merely a store of value to ensure its long-term viability.
Jack Dorsey Warns Bitcoin May Fail if It Remains Solely a Store of Value
Jack Dorsey, CEO of Block and former CEO of Twitter, has warned that Bitcoin risks losing relevance if it remains solely a store of value. Speaking at Presidio Bitcoin, Dorsey emphasized the necessity for Bitcoin to evolve into a practical payment system for daily transactions to ensure its long-term viability. He stated, ’I think it fails through irrelevance. If it just ends up being a store of value and nothing more, I don’t think it gains relevance at all. I think it has to be payments for it to be relevant on the everyday.’
Crypto Mining in the Energy Crisis: Efficient Bitcoin Mining with Cloud Platforms
The global energy crisis in 2025 has caused electricity prices to soar, impacting the profitability of Bitcoin (BTC) mining. Traditional mining, reliant on high-performance equipment and cheap electricity, is becoming less viable. As costs rise, many miners are experiencing losses or shutting down. In this landscape, cloud mining has emerged as a solution, allowing users to outsource the mining process to professional data centers, avoiding hardware maintenance and energy bills. SpeedHash, founded in 2018, is a notable platform helping users earn Bitcoin efficiently.
Wall Street Volatility Gauge Hits 4.5-Year High; Bitcoin Volatility Rises
The VIX index, Wall Street’s "fear gauge," ROSE to 39, its highest level since October 2020, after China imposed retaliatory tariffs on the U.S. This increase, coupled with a sharp sell-off in U.S. stock-index futures, prompted traders to increase estimates of Federal Reserve interest-rate cuts this year. Meanwhile, Bitcoin (BTC) traded 0.7% lower on the day at $82,500, with its 30-day implied volatility rising to an annualized 54.6%, the highest in two weeks.
Woman Accidentally Throws Away Husband’s Flash Drive with $3.8 Million in Bitcoin
A British woman, Ellie Hart, accidentally threw away her husband’s flash drive containing Bitcoin worth approximately $3.8 million during a routine spring cleaning. The USB drive was mistaken for a school-related storage device and was tossed into the trash. Days later, when her husband Tom went looking for it, they realized the error. The story highlights the importance of securely storing digital assets.
Analyst Identifies Key Buy Zone For Bitcoin
Bitcoin (BTC) traded mostly under $82,000 on Thursday following a strong price rejection around $88,400 late Wednesday. President Donald Trump’s announcement of new tariffs introduced significant volatility across global financial markets, including cryptocurrencies. Despite the current uncertainty, leading cryptocurrency analyst BoringVest of CryptoQuant has identified a crucial support zone for Bitcoin between $65,000 and $71,000, which could present a prime buying opportunity for investors.
