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Bitcoin Is Not a Payments Platform

Jack Dorsey says Bitcoin needs payments to scale. Rena Shah, COO of Trust Machines, disagrees. It can continue to be this asset of generational wealth or store of value against inflation, while actually being an active asset across an evolving financial ecosystem, she says.

(Photo by Chris McGrath/Getty Images)
People walk past a Bitcoin symbol at the entrance of a cryptocurrency exchange office on October 19, 2021 in Istanbul, Turkey. The number of Bitcoin and cryptocurrency exchanges have increased across Istanbul as cryptocurrency investing continues to boom in Turkey. Many investors see cryptocurrency's growth as a shelter against inflation and the depreciating Lira. Turkey's Lira has lost 20% of it's value this year as Bitcoin approaches it's all time high on the back of today's historic debut of the first Bitcoin futures ETF on the NYSE.