Jack Dorsey claims Bitcoin's 16-year 'math' proves it will always grow.
Twitter co-founder and Block CEO Jack Dorsey recently described Bitcoin as an alternative savings account comparable to gold. He believes companies are increasingly using BTC to hedge against inflation and the weakening US dollar.
Dorsey's case for Bitcoin
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The mathematical basis of value. Dorsey emphasizes that Bitcoin's growth is driven not by speculation, but by its mathematical properties. The strict supply cap of 21 million coins creates a scarcity, which drives long-term demand.
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Superior returns. Since its inception in 2009, Bitcoin has delivered average annual returns of over 200%. Over the past decade, it has outperformed gold, stocks, and real estate, and its risk-adjusted returns, according to Fidelity Digital Assets, are higher than those of most traditional assets.
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Inflation protection. With annual inflation at 3% and savings account interest rates around 0.5%, traditional currencies are losing value. Bitcoin, despite its volatility, is demonstrating long-term growth and is becoming a hedging tool for corporate treasuries.
Bitcoin versus gold and the dollar
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Digital gold: Dorsey claims that Bitcoin is a new form of gold. With a market capitalization of over $2.5 trillion versus gold's $13 trillion, its stock-to-flow ratio will be comparable to gold's after the 2024 halving.
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Dollar hedge: The US dollar has weakened by approximately 20% since 2009. Companies like MicroStrategy (190,000 BTC), Tesla, and Block already hold billions of dollars in Bitcoin. Large institutional players, such as BlackRock's IBIT ETF, also hold significant amounts of BTC (over 300,000 coins).
Market context and criticism
Following the approval of a Bitcoin ETF by the US Securities and Exchange Commission in July 2025, institutional investor interest has surged. BTC's price has reached $100,000, with daily trading volume reaching approximately $50 billion.
However, critics point to volatility (fluctuating by 30-40% per month) and regulatory uncertainty in some countries as the main risks hindering the use of BTC as a store of value.
However, Dorsey and other Bitcoin proponents are looking at macro trends: historical data shows that after each halving and wave of adoption, Bitcoin reaches new all-time highs.
Source: cryptonews.net
