Jack Dorsey Predicts Bitcoin Will Reach $1 Million by 2030

Tech Leader Jack Dorsey’s Bitcoin Price Prediction

Tech leader Jack Dorsey is optimistic about Bitcoin’s future, forecasting a price explosion to over $1 million by 2030. Dorsey believes that Bitcoin will surpass this milestone and continue to rise.

Core Fascination with Bitcoin

For Dorsey, the price of Bitcoin is not the main focus. He finds Bitcoin’s ecosystem and movement fascinating, emphasizing how everyone contributing to its improvement enhances the entire ecosystem, leading to price appreciation.

Other Visionaries’ Predictions

Ark Invest CEO Cathie Wood and Jurrien Timmer, director of global macro at Fidelity Investments, also foresee a $1 million valuation for Bitcoin by 2030, with Timmer estimating a range between $1 million and $10 million.

Dorsey’s Departure from Bluesky

Recently, Dorsey stepped down from Bluesky’s board, a decentralized social media platform he helped create. He expressed disappointment in Bluesky’s direction, stating that it was repeating the mistakes of centralized platforms like Twitter.

Focus on Nostr and Block

Dorsey’s attention has shifted to Nostr, a decentralized platform challenging Twitter, where he aims to support genuine open-source development. As the head of payments firm Block, Dorsey announced a strategic plan to invest 10% of Bitcoin product profits into monthly Bitcoin purchases.