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Jack Dorsey predicts Bitcoin will reach $1M by 2030
Tech executive Jack Dorsey predicts Bitcoin will reach $1 million by 2030.
“I don’t know,” Dorsey told Pirates Wires’ Mike Solana on Bitcoin’s potential worth. More than a million. I believe it exceeds that number.”
Dorsey said his interest in Bitcoin goes beyond its price.
“The most amazing thing about Bitcoin, apart from the founding story, is anyone who works on it, gets paid in it, or buys it for themselves — everyone who puts any effort in to make it better — makes the entire ecosystem better, which makes the price go up,” he said in a Thursday interview. Most of all, it's an intriguing environment and movement. It taught me much.”
Dorsey isn't alone in expecting Bitcoin to soar. Ark Invest CEO Cathie Wood expects Bitcoin to reach $1m by 2030. In 2030, Fidelity Investments director of global macro Jurrien Timmer predicts Bitcoin will be worth $1m to $10m.
Dorsey Drops Bluesky for Repeating Twitter ‘Mistakes’
This week, former Twitter CEO Jack Dorsey resigned from Bluesky's board. The 2019 platform intends to be a decentralized social media alternative.
“Everything we wanted around decentralization, everything we wanted in terms of an open source protocol, suddenly became a company with VCs and a board,” he told Pirates Wire. “That's not what I wanted, that's not what I intended to enable.”
He left Bluesky because it was “literally repeating all the mistakes [Twitter] made as a company.”
Dorsey admitted his main interest is Nostr, another decentralized Twitter competitor. He intended to help Nostr become an open-source standard.
Jack Dorsey's Block Buys Bitcoin Monthly Strategically
Blockchain payments company Block is doubling in on Bitcoin under Dorsey. The company stated last week that it will spend 10% of its Bitcoin product earnings on monthly Bitcoin purchases.
Block invested $220m in Bitcoin in 2020, one of the first public businesses to do so. The company's Bitcoin holdings rose 160% to $573m in Q1 2024.
