EXCLUSIVE— With cryptocurrencies losing their luster in the public — and the regulatory — eye, some in financial services still remain bullish on the currency even as its value falls.

One such CEO is Jack Dorsey, who occupies that chair for both Twitter and Square. The social media/fintech executive made headlines in the crypto world yesterday, after he stated during an interview with The Times of London that world would have a single currency in the next ten years and that he “personally believed” that currency would be bitcoin.

Cryptocurrency Twitter had mixed reactions to the statement:

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— Yun Song (@yunseobsong) March 21, 2018

So you’re telling me that Peter Thiel and Jack Dorsey both saying Bitcoin will become the universal currency is a coincidence? Founders of the two most successful fintech companies in the world…

— Moon Rekt (@Moon__Rekt) March 22, 2018

Dorsey’s comments come as bitcoin’s valuation is in one of its slumps—HOLD on—currently down nearly 6% to $8,553 according to Coinbase as of 11am ET. Bitcoin, along with other cryptocurrencies, is also in the middle of some regulatory struggles, with organizations such as Google banning crypo advertisements and organizations like the SEC still investigating funding methods like initial coin offerings.

Others in the fintech community, however, don’t think Dorsey is that far off-base—at least when it comes to the idea of a sole global currency.

Nigel Green, the founder and CEO of the deVere Group (an financial services advisor), today responded to Dorsey’s statements by writing:

Bitcoin will not become the world’s sole currency in 10 years — there will be many successful cryptocurrencies — and Ethereum is likely to take over Bitcoin’s dominant status, affirms the boss of one of the world’s largest independent financial services organizations.

While Green does admit bitcoin is likely to stay the world’s dominant cryptocurrency for a time, it is worth noting that bitcoin itself was not originally designed to be a global currency. Ether, the namesake token of Ethereum, seems far more likely to take that role, especially as banks and enterprises continue to utilize Ethereum’s opensource code for their projects, rather than bitcoin’s.

However, Ethereum is not immune to the current crypto slump: the digital token was down nearly 10% at $522.36 at 11:30 am ET since yesterday, according to Coinbase.

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