Block CEO and Bitcoin advocate Jack Dorsey reaffirmed his belief that the cryptocurrency should serve as a peer-to-peer (P2P) electronic cash system, aligning with Satoshi Nakamoto’s original vision. Dorsey advocates for widespread adoption of Bitcoin for everyday transactions like paying bills or sending money to friends. He highlights Block’s efforts to make this possible by developing a full-stack ecosystem that integrates various solutions such as Square’s merchant payment platform, Cash App’s wallet, Bitkey’s secure hardware wallet, and Proto’s mining infrastructure. He believes this is crucial for Bitcoin’s transition into everyday use. Michael Saylor, another prominent Bitcoin proponent, expressed excitement about the recognition of Bitcoin by Treasury Secretary Scott Bessent, who confirmed the U.S.’s commitment to accumulating more Bitcoin. The price of Bitcoin currently stands at $118,473.47 after a slight dip in the last 24 hours.