TL;DR
- Jack Dorsey makes a bold prediction about the price of Bitcoin: $1 million by 2030.
- He bases his prediction on the collaborative nature of the BTC ecosystem, where each individual contributes to its value increase.
- Dorsey backs his confidence in BTC with concrete actions, as he will allocate 10% of his company Block’s profits to continuous BTC purchases.
Jack Dorsey, co-founder of Twitter and CEO of Square, has made a bold prediction about the price of Bitcoin. In a recent interview with Mike Solana of Pirate Wires, the entrepreneur suggested that the value of BTC could reach one million dollars by the year 2030. His statements have resonated strongly in the community, as it implies exponential growth for the leading cryptocurrency in the market.
The most notable aspect is the foundation on which he bases his forecast. According to him, the most interesting aspect of Bitcoin is not so much its price or its history, but the collaborative nature of its ecosystem. Dorsey argues that every individual who contributes to the development and improvement of the network, whether by working on it, receiving payments in BTC, or simply investing in the cryptocurrency, is contributing to its value increase. He undoubtedly has full confidence in the long-term potential of Bitcoin and maintains that the collective effort of the community will drive its adoption and valuation.
Dorsey’s prediction adds to those made by important figures within the world of finance who have also suggested a bullish future for Bitcoin. Cathie Wood, founder and CEO of Ark Invest, has shared similar predictions in the past, anticipating that BTC could trade at one million dollars by 2030.
Dorsey Bets on Bitcoin Through Block
On the other hand, Dorsey’s own actions support his confidence in the future of Bitcoin. Recently, he announced that his company, Block (formerly Square), will allocate 10% of its profits from BTC-related products to the continuous purchase of the cryptocurrency. Jack has a personal commitment to BTC and reflects it through his company.
Amidst his statements, Dorsey has also addressed his departure from Bluesky, a decentralized social network he co-founded as an alternative to Twitter in 2019. He argued that true decentralization was lost in the Bluesky protocol, turning it into just another app.
