Jack Dorsey, CEO of Block, recently predicted that the price of Bitcoin will reach “at least $1 million” by 2030.
Since stepping down from Twitter, which is now X, Dorsey has become a prominent Bitcoin advocate, participating in several Bitcoin and Nostr-related initiatives.
JUST IN: Jack Dorsey expects at least $1 million #Bitcoin Price by 2030 🚀 pic.twitter.com/uNukkC4goQ
— Bitcoin Magazine (@BitcoinMagazine) May 10, 2024
at recent days interview With journalist Mike Solana, Dorsey cited Bitcoin's collaborative ecosystem as a key driver of his bullish 2030 forecast.
He stated that anyone who contributes to Bitcoin “makes the entire ecosystem better, which makes the price go up.”
His forecast echoes those of others like Cathie Wood who see Bitcoin reaching more than $1 million this decade as institutional investors embrace it as “digital gold.”
Dorsey stressed that Bitcoin's censorship-resistant properties, not just the price, make it compelling. He recently exited Bluesky's board over concerns he was straying from decentralization.
The former Twitter CEO has increased his focus on Bitcoin since stepping down. His financial services company Block also allocated 10% of revenues tied to Bitcoin Get more BTC.
He also praised Nostr, a decentralized social media protocol. He has donated millions to open source Nostr and Bitcoin projects.
Dorsey is among Bitcoin's most influential advocates. The interview discussed his experience with the challenges that Twitter faces in maintaining openness, given its centralized structure. He believes that truly decentralized networks like Bitcoin and Nostr are essential to freedom.
By predicting $1 million worth of Bitcoin, Dorsey expresses his conviction in Bitcoin's role as a global and transparent financial system enabled by cryptography rather than centralized intermediaries.