Block CEO jack dorsey He recently predicted that the price of Bitcoin could reach “at least $1 million” by 2030.
Since leaving Twitter (now X), Dorsey has become a leading supporter of Bitcoin, participating in various Bitcoin and Nostra related initiatives.
JUST IN: Jack Dorsey predicts at least $1 million #bitcoin Prices until 2030 🚀 pic.twitter.com/uNukkC4goQ
— Bitcoin Magazine (@BitcoinMagazine) May 10, 2024
recently interview Dorsey, along with journalist Mike Solana, cited the collaborative Bitcoin ecosystem as a key driver of their bullish predictions for 2030.
He said that anyone who contributes to Bitcoin “improves the entire ecosystem, which drives the price up.”
His predictions are similar to others Cathie Wood He expects Bitcoin to surpass $1 million by the end of the decade as institutional investors embrace it as “digital gold.”
Dorsey emphasized that Bitcoin is attractive not only because of its price, but also because of its censorship-resistant properties. He recently resigned from Bluesky’s board, citing concerns that it was moving away from decentralization.
Since stepping down, the former Twitter CEO has increased his focus on Bitcoin.His financial services company Block also accounts for 10% of his Bitcoin-related revenue. Earn more BTC.
He also praised Nostr, a decentralized social media protocol. He has donated millions of dollars to his Nostr and Bitcoin open source projects.
Dorsey is one of Bitcoin’s most influential proponents. His interview featured his experiences with the challenges of maintaining Twitter’s openness given its centralized architecture. He believes that truly decentralized networks like Bitcoin and Nostra are essential to freedom.
By predicting $1 million in Bitcoin, Dorsey is expressing his belief in Bitcoin’s role as a global, transparent financial system enabled by cryptography rather than centralized intermediaries.
