Co-Founder, Block Head & Chairman, Block, Inc.
Jack Dorsey - CEO of Block | Interview Summary | Norges Bank Investment Management
About Jack Dorsey
Jack Dorsey discussed Block's Q1 2025 financial results, projecting gross profit growth of 12% for the year and an acceleration to low double digits in the third quarter. He noted that Square is gaining market share following consolidation efforts and that the company received FDIC approval to use Square Financial Services for nationwide consumer loans through Cash App Borrow, which he said roughly doubles the number of actives eligible for the product and improves unit economics. Dorsey also highlighted the integration of Afterpay products into Cash App, describing it as a "meaningful unlock" that exposes buy-now-pay-later products to 57 million monthly actives. At The Bitcoin Conference 2026, Dorsey appeared with filmmaker Eugene Jarecki to support the documentary "The Six Billion Dollar Man" about Julian Assange. Dorsey described Bitcoin as "an open protocol for money transfers" that routes around gatekeepers such as Visa, Mastercard, and banks. He also argued that traditional corporate hierarchy is obsolete, saying that companies can operate as "mini AGI" by placing an artificial intelligence "intelligence layer" at the center of the organization. Dorsey stated that after experimenting with AI tools in late 2024, Block's leadership uniformly agreed that if they were to rebuild the company from scratch, it would not be the same size or structure.
Transcript (15 segments)
✨ AI-enhanced transcript with speaker attribution
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Jack Dorsey0:00
I guess it could be, if like, again, that's a feeling, right? That's a decision you make. I choose to be diminished by this reaction to being lonely, or what is this experience trying to teach me? What am I supposed to learn from this? I think all these things are ultimately decisions, but it takes time to realize that and takes time to hone the tools to act on the decision.
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Interviewer0:28
Is this how you come up with your lists, the dos and the don'ts?
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Jack Dorsey0:33
Yeah. Perhaps you want to explain these lists? Yeah. Every day I write down what I want to accomplish and what I don't want to do. I think we often focus on what you do want to do, and we focus on these very large goals. And if I've learned anything, it's to make the goal very, very small and repeat it and iterate it as quickly as possible, so you see momentum. Like if you wanted to meditate, a lot of people start with this New Year's resolution—New Year is coming up, right? New Year's resolution: I'm going to meditate for one hour a day. They do it one time, never again. If instead you say, I'm going to meditate for one minute every single day for two weeks—one minute, I can definitely do one minute—and I stick to it, and I don't go past one minute. I do only one minute. And then after that one minute, I did it, so now I'm going to move it to five minutes, and then I'm going to move it to 10 minutes, and then to 20, then to an hour. That progression makes it not feel like work; it makes it feel like an understanding, like I'm getting it. So it's really important to write down the small goals that you have for the day and, more importantly, what you don't want to do, because we never focus on like, I'm not going to do this, I'm not going to get distracted by politics or TV or whatever.
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Interviewer1:59
So what's been on your list today? What's been your to-do list today?
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Jack Dorsey2:03
I'm learning more about quantum physics right now, so I'm doing some study. One of the things I want to do is spend—again, I move from like 30 minutes to an hour every day of reading and watching videos around quantum physics. And I'm also doing some language learning: I'm learning Italian, so an hour with that as well. And then I'm doing some programming learning as well to keep my skill high, in the field of AI and agents as well. So I dedicate one hour to that, and three hours of learning in the morning when I want to do the hard stuff, so that the rest of the day feels like a win. Those are the things on my list.
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Interviewer2:48
And what is on your don't-do list?
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Jack Dorsey2:51
Don't get distracted by the news, because it's kind of all fog of war right now. Don't get distracted by the politics. Don't get distracted by entertainment at the moment, because I really want to learn how to learn better, I want to learn how to learn faster and deeper. So I'm experimenting with these three different subjects at once in order to figure out what the patterns are in my own learning, so that I can achieve novice or mastery skill in multiple things much faster.
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Interviewer3:26
And what do you think is the key to faster learning?
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Jack Dorsey3:30
Observing for quite some time and then doing. But I think people skip the observing phase too often. I don't think people are good listeners. I don't think people have honed their ability to observe the world and observe nature and observe how things work. And I think they try to act too soon. The observation part is critical. I think it mirrors what we do as babies as we're acquiring new skills: we spend a lot of time observing.
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Interviewer4:25
And you incorporate that into your system, Jack. Why do you eat only once a day?
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Jack Dorsey4:34
I like to learn by going to extremes. So I've tried every single diet you can imagine. I got very interested in my health and maintaining my health span. One of the things someone was doing that felt interesting was they had this one meal a day thing. I tried it: I only ate dinner, then I only ate breakfast, and I only tried lunch. What was amazing is I got all this time back, and it felt like a superpower. All these people spend all this time eating breakfast, lunch, dinner, and all this ritual around it. I had all that time back, literally two or three hours back to do something else or to have a real conversation that's not interrupted by food. And then I realized I didn't need that much food. We definitely overeat, especially in the United States. So I was looking at what needs are and what desires are, separating those two things. I felt like my health increased, my energy increased, and I gave myself all this time back to do things that I really wanted to do. When I did eat, it tasted amazing. I regained taste and regained appreciation for food, not just as entertainment but as sustenance.
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Interviewer5:54
What is your advice to young people?
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Jack Dorsey5:57
Observe everything. Take everything in. Love information, love receiving information. Don't worry about reacting to it, don't worry about memorizing it, don't worry about doing anything with it at all. Just be open. And when you need to do something with it, it'll come.
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Interviewer6:13
Very good, Jack. It's been an honor having you on here. Big thanks for sharing your thoughts. Truly fascinating. Thanks a million.
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Jack Dorsey6:24
Thank you so much.