Twitter Co-Founder Jack Dorsey Predicts Bitcoin Price Could Reach $1 Million by 2030

Twitter co-founder Jack Dorsey has made a bold prediction about the future price of Bitcoin, stating that he believes the cryptocurrency could reach a price of at least $1 million by the year 2030. In an interview with journalist Mike Solana on Pirate Wires, Dorsey shared his bullish outlook on Bitcoin’s long-term price action, suggesting that it could even surpass the $1 million mark.

Dorsey, who is now the head of the financial services firm Block, emphasized that the value of Bitcoin is not the most interesting aspect of the cryptocurrency. Instead, he highlighted the collaborative nature of the Bitcoin ecosystem and how it incentivizes collective efforts to enhance the network, ultimately driving up the price.

“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 explained.

Dorsey’s comments come shortly after his departure from the board of Bluesky, a decentralized social network he helped start as an alternative to Twitter. He expressed disappointment with the direction Bluesky had taken, stating that it had become more like a traditional company pushing for moderation tools rather than the open-source protocol he had envisioned.

Despite his exit from Bluesky, Dorsey remains committed to the cryptocurrency space through Block, which recently announced plans to allocate 10% of its gross profit from Bitcoin-related products back into buying more BTC every month.

While Dorsey’s prediction of a $1 million Bitcoin price by 2030 may seem ambitious, his confidence in the long-term potential of the cryptocurrency is clear. As Bitcoin continues to gain mainstream acceptance and adoption, the possibility of reaching such a high price point may not be as far-fetched as it once seemed.