Tech visionary argues Bitcoin stands apart from the broader crypto industry, citing its monetary foundation and payment potential
Jack Dorsey, the creator of Twitter and CEO of Block, has once again stirred the digital asset community by asserting that “Bitcoin is not crypto.” The statement, posted on X, quickly went viral, drawing thousands of responses and reigniting old debates about Bitcoin’s true identity.
Dorsey’s comments echo his long-standing stance that Bitcoin represents digital money, not just another cryptocurrency. While critics referenced Satoshi Nakamoto’s early writings describing Bitcoin as a “peer-to-peer cryptocurrency,” Dorsey pointed out that the Bitcoin white paper never uses the word ‘crypto.’ Instead, it defines Bitcoin as “a purely peer-to-peer version of electronic cash.”
“Bitcoin was never meant to be grouped with speculative tokens — it’s money built on math and proof, not marketing,” Dorsey emphasized in a follow-up post, underscoring the distinction between Bitcoin’s financial role and the broader crypto asset industry.
The tech executive’s remarks align with his company Block’s ongoing development of zero-fee Bitcoin payments, aimed at making BTC practical for everyday transactions. One Square employee reportedly convinced every local vendor in a market to accept Bitcoin payments, inspired by Square’s zero processing fee program set for 2026.
“Bitcoin must function as money, not just an asset,” Dorsey added, reaffirming his belief that BTC’s survival depends on its usability as a payment system, not merely as a store of value.
However, his remarks sparked criticism from industry figures like David Schwartz, the outgoing CTO of Ripple, who commented, “I think Jack is trying to say Bitcoin should be seen as a payment network rather than a speculative investment — but his message isn’t entirely clear.”
Despite mixed reactions, Dorsey’s stance highlights an ongoing divide between Bitcoin maximalists, who view BTC as the only legitimate digital currency, and crypto advocates, who believe in a broader ecosystem of innovation.
“Bitcoin is money,” Dorsey concluded — reaffirming his vision of BTC as the original digital currency, separate from the speculative world of altcoins and tokens.
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This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.