Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030

In an interview with Pirate Wires, Dorsey expressed uncertainty regarding the price prediction for Bitcoin, stating, “I can’t say for sure, but my estimation is that it will reach and surpass the $1 million mark.”

“The cost of the cryptocurrency may be noteworthy, but what truly captivates Dorsey is the associated ecosystem and dynamics.”

“Bitcoin’s most striking feature, beyond its origin tale, is this: anyone who contributes to it, be it through work, payment, or personal investment, is inadvertently enhancing the entire system. This collective improvement effort drives up the price.”

Although reaching $1 million from bitcoin’s current price of $60,886 appears to be a significant leap, prominent figures in the industry share this optimistic perspective. Cathie Wood, the founder and CEO of Ark Invest, has gone even further with her forecast, predicting that the token will hit $1.5 million by 2030.

Since relinquishing his role as Twitter CEO in 2021, Dorsey has been an active supporter of the tech industry, spearheading and endorsing various initiatives. In 2019, he invested in social media start-up BlueSky. However, having shifted his focus towards a decentralized social media platform that aligns more closely with Nostr’s vision, Dorsey recently parted ways with BlueSky.

In 2009, Dorsey established another business named Square. Later on, in 2021, the company underwent a rebranding process and became known as Block, reflecting Dorsey’s expanding fascination with blockchain technology.