Tech entrepreneur and investor Jack Dorsey believes Bitcoin’s future hinges on its ability to be used for everyday transactions. In a recent speech at the Presidio Bitcoin event, he argued that Bitcoin’s current status as purely a store of value will not foster widespread adoption and ultimately result in its failure. Instead, Dorsey emphasizes that the cryptocurrency needs real-world application, serving as a functional currency like cash or cards do today, to reach its true potential. He believes Cardano’s DeFi tools are key to this shift. This could be achieved by enabling Bitcoin to function as a medium of exchange within various real-life scenarios such as local payments and transactions.