Block CEO Jack Dorsey recently predicted that bitcoin could reach a price of “at least $1 million” by 2030.
Since leaving twitter, now x, Dorsey has become a prominent bitcoin advocate and has been involved in several initiatives related to bitcoin and Nostr.
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JUST IN: Jack Dorsey predicts at least $1 million twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin price for 2030 pic.twitter.com/uNukkC4goQ
– bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1788856418138812818?ref_src=twsrc%5Etfw”>May 10, 2024
In a recent interview With journalist Mike Solana, Dorsey cited bitcoin's collaborative ecosystem as a key factor in his bullish 2030 forecast.
He stated that anyone who contributes to bitcoin is “improving the entire ecosystem, which drives the price up.”
Her forecast echoes others like Cathie Wood, who see bitcoin surpassing $1 million this decade as institutional investors embrace it as “digital gold.”
Dorsey highlighted that bitcoin's censorship-resistant qualities, not just the price, make it attractive. He recently left Bluesky's board of directors over fears it was straying away from decentralization.
The former twitter CEO has increased his focus on bitcoin since stepping down. He Block's financial services company is also dedicating 10% of bitcoin-related revenue to x.com/BitcoinMagazine/status/1786140742890455520″>acquiring more btc.
He also praised Nostr, a decentralized social media protocol. He has been donating millions to Nostr and bitcoin open source projects.
Dorsey is among the most influential proponents of bitcoin. The interview covered his experience with twitter's challenges in maintaining openness, given its centralized architecture. He believes that truly decentralized networks like bitcoin and Nostr are critical to freedom.
By predicting a million-dollar bitcoin, Dorsey expresses his belief in bitcoin's role as a global, transparent financial system enabled by cryptography rather than centralized intermediaries.
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