Jack Dorsey Says ‘Bitcoin Is Not Crypto’: An Age-Old Semantic Debate Rehashed Or More?

October 27, 2025

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Twitter co-founder Jack Dorsey has sparked significant discussion in cryptocurrency circles with a post on the nature of Bitcoin.

“bitcoin is not crypto,” Dorsey said on Oct. 19 on X, rehashing debates over whether Bitcoin should be treated separately from the broader cryptocurrency space.

“Bitcoin, not crypto” is a sentiment bitcoiners often share, touting the asset as a store of value and more decentralized than other cryptocurrencies.

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However, an X post from Dorsey moments earlier saying “bitcoin is money” suggests that he is calling for a more fundamental shift in how people view the leading digital asset.

“I think he’s somehow trying to say that bitcoin should be seen as a payment system rather than a speculative asset,” Ripple Chief Technology Officer David Schwartz said on X.

Dorsey’s view that Bitcoin is money comes as the narrative of the asset as digital gold grows, leaving many unwilling to spend their coins in the hope that its value will continue to rise.

Dorsey, however, has recently stressed that Bitcoin is meant to be more than just a store of value.

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“I think if it [Bitcoin] doesn’t transition to payments and find that everyday use case, it just gets increasingly irrelevant,” he said in April. “And that’s failure to me.”

Dorsey’s Bitcoin ethos is rooted in the title of the white paper by the mysterious Bitcoin creator “Satoshi Nakamoto”: “Bitcoin: A Peer-to-Peer Electronic Cash System.”

“There’s tons of stuff we need to do to really get back to the white paper,” he said in April.

Dorsey has been working toward his vision for Bitcoin through his financial services company, Block (NYSE:XYZ). Earlier this month, Block announced the release of Square Bitcoin. The solution enables merchants using its Square point-of-sale terminals to accept Bitcoin payments and also convert up to 50% of their card sales into the asset. The solution also comes with an integrated Bitcoin wallet for easy management.

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“We’re making bitcoin payments as seamless as card payments while giving small businesses access to financial management tools that, until now, have been exclusive to the largest corporations,” Block Head of Bitcoin Product Miles Suter said earlier this month.

Whether Block’s Bitcoin payment solution would gain traction, however, remains to be seen. The company had previously enabled direct Bitcoin payments for its online sellers in 2014, but nobody used it, Dorsey said in April.

“I don’t think this time around usage will be much. I hope I’m wrong,” he said at the time. “We’re building something for people that *may* want to spend their bitcoin, in a cycle where people may not actually want to spend their bitcoin because it’s going up so much.”

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This article Jack Dorsey Says ‘Bitcoin Is Not Crypto’: An Age-Old Semantic Debate Rehashed Or More? originally appeared on Benzinga.com

 

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