Jack Dorsey predicts that the price of Bitcoin will exceed $1 million by 2030.
Block CEO Jack Dorsey recently predicted that Bitcoin could reach a price of “at least $1 million” by 2030.
Since stepping down from Twitter (now X), Dorsey has become a leading Bitcoin advocate, participating in various Bitcoin and Nostr-related initiatives.
JUST IN: Jack Dorsey expects at least $1 million. #Bitcoin Prices by 2030 🚀 pic.twitter.com/uNukkC4goQ
— Bitcoin Magazine (@BitcoinMagazine) May 10, 2024
In a recent interview with journalist Mike Solana, Dorsey cited the collaborative Bitcoin ecosystem as a key driver of his optimistic 2030 forecast.
He said that anyone who contributes to Bitcoin “makes the whole ecosystem better, which drives the price up.”
His prediction is in line with others, such as Cathie Wood, who sees Bitcoin reaching more than $1 million this year as institutional investors embrace it as “digital gold.”
Dorsey emphasized that Bitcoin’s censorship-resistant properties, as well as its price, make it attractive. He recently left Bluesky’s board over concerns about the move away from decentralization.
The former Twitter CEO has increased his interest in Bitcoin since his resignation. His financial services company, Block, is also using 10% of its Bitcoin-related profits to acquire more BTC.
He also praised Nostr, a decentralized social media protocol. He has donated millions of dollars to Nostr and Bitcoin open source projects.
Dorsey is one of Bitcoin’s most influential advocates. The interview covered his experience with Twitter’s challenges in maintaining openness due to its centralized architecture. He believes that truly decentralized networks like Bitcoin and Nostr are important for freedom.
By predicting a million-dollar Bitcoin, Dorsey expresses confidence in Bitcoin’s role as a global, transparent financial system enabled by cryptography rather than centralized intermediaries.
