Key Points
- Jack Dorsey, Twitter co-founder, predicts Bitcoin’s price could reach $1M by 2030.
- Dorsey’s bullish perspective on Bitcoin is based on the collaborative nature of its ecosystem.
Jack Dorsey, co-founder of Twitter, has made a bold prediction about the future value of Bitcoin (BTC).
He suggests that the cryptocurrency’s value could reach $1 million by the year 2030. Dorsey shared this prediction in a recent interview with Pirate Wires’ Mike Solana, stating that the price could potentially grow even further.
Dorsey’s Views on Bitcoin
Dorsey’s optimistic outlook on Bitcoin extends beyond just its price. He believes that the collaborative nature of Bitcoin’s ecosystem is what makes it truly intriguing.
As the head of the financial services firm Block, Dorsey explained that the Bitcoin ecosystem rewards collaboration, leading to improvements in the network for all participants.
Dorsey is not alone in his bullish predictions for Bitcoin. Cathie Wood of Ark Invest has also predicted that Bitcoin could reach the $1 million mark by 2030. Wood’s predictions became even more bullish in March, suggesting that Bitcoin could surpass the million-dollar mark before 2030.
Dorsey’s Commitment to Bitcoin
Dorsey’s bullish views on Bitcoin are not just for public record. He recently announced that his fintech firm, Block, will reinvest 10% of its gross profits from Bitcoin-related products back into purchasing more Bitcoin every month.
For Dorsey, $1 million is the minimum price he believes Bitcoin could reach by 2030.
In other news, Dorsey recently left the board of Bluesky, a decentralized social network he co-founded in 2019. Dorsey shared his reasons for leaving in the same interview, stating that he believes Bluesky was repeating the same mistakes as Twitter and had lost the idea of true decentralization.
