Jack Dorsey Warns: Bitcoin Must Embrace Payments or Die! BTC Price Slips Below $75K

Bitcoin may be dominating headlines and climbing in price charts, but Dorsey thinks it’s time to re-examine its true purpose. In a recent podcast appearance, the Twitter founder and Block Inc. CEO expressed concern that Bitcoin could fail if it continues to be treated solely as a store of value or “digital gold.” While the BTC price remains a hot topic, Dorsey believes it’s the everyday utility, specifically, Bitcoin payments, not just investment appeal, that will define Bitcoin’s long-term success.

Dorsey’s Vision: Bitcoin as Everyday Money

According to Jack Dorsey, Bitcoin’s future hinges on its ability to be used like real cash, not just stashed away like gold bars. He argues that BTC needs to power everyday Bitcoin payments to stay relevant. “If it’s just something you buy and forget, it becomes irrelevant,” he explained. While the Bitcoin price may grab attention, its real-world usage, paying for groceries, tipping your barber, or sending money to friends, will ultimately decide its place in modern finance.

Back to the Whitepaper: Bitcoin’s Original Goal

Dorsey also called for the community to revisit Satoshi Nakamoto’s vision in the original Bitcoin whitepaper. That vision wasn’t about hoarding or speculation; it was about creating peer-to-peer digital cash. He believes Bitcoin developers should focus more on building tools that make BTC fast, private, and easy to use. While the BTC price continues to fluctuate, true adoption will require the technology to be as smooth and practical as using a credit card or mobile wallet.

Despite Volatility, Institutions Are Buying In

While Jack Dorsey’s remarks stirred debate, the numbers tell an interesting story. Even as the BTC price recently fell below $80,000, institutional interest has grown. As seen in the attached Glassnode chart, the number of entities holding at least 1,000 BTC jumped from 1,649 on January 29 to 1,725 by April 4. That’s 76 new large-scale holders in just over two months, a 4.6% increase. Bitcoin may have dropped nearly 7.5% recently, but these whales are clearly betting on Bitcoin’s long-term value.

Source: X @Ali_Charts

Final Thoughts: BTC Price Alone Won’t Save Bitcoin’s Mission

Bitcoin’s growth isn’t just about how high the BTC price can go; it’s about how useful it can become in our everyday lives. Yes, institutional players are stepping in, and yes, the price can soar, but if Bitcoin payments don’t become part of people’s daily spending habits, it could slowly fade from relevance. Jack Dorsey’s words are a reminder that Bitcoin needs to evolve, not just be admired. It’s time to balance the store-of-value narrative with actual, peer-to-peer usability, because real adoption through Bitcoin payments will be the key to real success, not just the BTC price on a chart.