Dorsey foresees a beautiful future for bitcoin and sees the cryptocurrency at a minimum of $1 million six years from now.
Jack Dorsey, the co-founder and former CEO of Twitter, has made a significant prediction. He believes that bitcoin’s price could skyrocket to at least $1 million in 2030, and this is just the beginning of its upward trajectory.
Bitcoin Above $1 Million
In an interview with Pirate Wires CEO Mike Solana, Dorsey expressed his opinion on the price of Bitcoin in 2030. he said, “I don’t know, over at least a million. I do think it hits that number and goes beyond. But I think the price is only interesting.”
With unwavering conviction, Dorsey underscores the transformative power of Bitcoin technology. He expresses, “The most amazing thing about Bitcoin, apart from the founding story, is anyone who works on it, or gets paid in it, or buys it for themselves — everyone who puts any effort in to make it better — is making the entire ecosystem better, which makes the price go up.”
Dorsey’s optimistic view of Bitcoin extends beyond its potential value. He admires its collaborative and transparent nature, which fosters an environment where anyone can contribute to its growth and potentially increase its price.
To conclude his expression about bitcoin, he said, “It’s a fascinating ecosystem and movement, more than anything else. It taught me a lot.”
As part of the interview, Dorsey stated that he will be leaving the board of his new social media company, Bluesky. Bluesky was built to replace Twitter, which he sold to Elon Musk. He said that Bluesky is repeating the same mistake as Twitter.
Bitcoin Price Movement Within The Last Six Years
With two successful Bitcoin Halving events and bitcoin block rewards currently at 3.125 BTC per block, bitcoin has increased by 2433%, moving from $3,000 to above $73,000.
At press time, bitcoin trades between $62,500 and $63,000 and needs to jump by about 1600%, 800% lower than its movement in the past six years, to reach Dorsey’s predicted price of $1 million.
