Jack Dorsey Forecasts Bitcoin to Surpass $1 Million by 2030

Jack Dorsey Forecasts Bitcoin
Jack Dorsey, who led Twitter from 2015 to 2021 and has since become heavily involved in the cryptocurrency sector, predicts that the price of bitcoin (BTC) could surpass $1 million by 2030. As the founder and supporter of various crypto projects, Dorsey is confident in bitcoin’s potential.

During an interview with Pirate Wires, Jack Dorsey expressed his belief in bitcoin’s future value, stating, “I don’t know. Over… at least a million. I believe it surpasses that number.”

However, Jack Dorsey emphasizes that what truly fascinates him about bitcoin is not just its price, but rather the ecosystem and movement surrounding it. He highlights how individuals contributing to bitcoin’s improvement also enhance the overall ecosystem, thus driving up its value.

While the current price of bitcoin sits around $60,886, Jack Dorsey’s projection may seem ambitious. Nevertheless, other influential figures in the industry, such as Cathie Wood, founder and CEO of Ark Invest, share similar optimistic outlooks. Wood even predicts that bitcoin could reach $1.5 million by 2030.

Since stepping down as Twitter CEO in 2021, Jack Dorsey has actively advocated for the cryptocurrency industry, supporting and endorsing various projects. In 2019, he backed the social media startup BlueSky, though he recently distanced himself from the project as his vision for a decentralized social media platform aligned more closely with a competitor, Nostr.

Additionally, Dorsey’s interest in blockchain technology led him to found Square in 2009, which was rebranded as Block in 2021 to reflect its focus on blockchain technology.

Also Read: Bitcoin Plunge Sparks Market Turbulence and Liquidations

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