Jack Dorsey says Bitcoin price will reach at least $1 million by 2030

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twitter co-founder Jack Dorsey says the price of bitcoin could skyrocket to at least $1 million by 2030 and will likely continue to rise after that.

Dorsey's bullish outlook for bitcoin comes after he said on May 2 that his company Block set aside 10% of the gross profits generated by your bitcoin products for the purchase of btc each month.

He called the decision “an investment in a future where economic empowerment is the norm.”

Jack Dorsey on the “amazing” bitcoin

“The most amazing thing about bitcoin, apart from the history of its founding, is that anyone who works on it, gets paid, or buys it for themselves (everyone who strives to improve it) is improving the entire ecosystem. , which drives the price up,” he said in a May 9 interview with Pirate Wires.

When asked where bitcoin's price would go after reaching $1 million, he said it's probably “going further.”

Block held 8,038 btc worth $573 million as of March 31, according to the company's latest earnings report.

Dorsey previously said that he is devoting time and energy to bitcoin because of his belief that “the world needs an open protocol for money.”

“The Internet will have a native currency; It’s just a matter of time,” she wrote. Until this happens, existing and emerging technologies will “operate in parallel,” Dorsey added.

The DCA block is selling bitcoins every month. Here's how your business can do it too: https://t.co/xabpCVZdn8

— cat (@jack) twitter.com/jack/status/1786129834080419953?ref_src=twsrc%5Etfw”>May 2, 2024

Information about BlueSky's abrupt departure

Dorsey also provided insight into why he suddenly left the board of BlueSky, a decentralized alternative to twitter, now ) done,” he said.

He originally envisioned the company as an open source protocol that could serve as the foundation for twitter and other social media platforms. Bluesky also intended to separate the protocol layer from the application layer, with the goal of reducing the risk of censorship.

In the end, this was not the case and Bluesky simply became “another app,” Dorsey added. It also began to act as a more traditional entity.

“Everything we wanted around decentralization, everything we wanted in terms of an open source protocol, suddenly became a company with venture capitalists and a board of directors,” he said.

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