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- In his latest interview, Twitter founder Jack Dorsey claimed Bitcoin will reach “at least a million” by 2030 and “go beyond” that.
- Dorsey added that, beyond the price, Bitcoin’s decentralized nature is its most important aspect, as it ensures that every participant is a part owner in the network and plays a role in its success.
Jack Dorsey may no longer be in the limelight as he once was, but the Twitter founder is just as bullish about Bitcoin. In a recent interview, he opined that the top crypto will hit a million dollars and beyond by the decade’s end.
Dorsey joined Pirates Wire for a conversation on his exit from Twitter—now branded X under Elon Musk’s ownership—his efforts with decentralized Twitter alternative BlueSky, censorship and standing up to regulators, his relationship with Musk and more. He concluded the interview by speaking about Bitcoin and what he expects in the future.
On his price prediction by 2030, Dorsey stated:
Over… at least a million. I do think it hits that number and goes beyond.
Bitcoin trades at $62,980, gaining 2.76% for the day as its trading volume recovered 8% to hit $26 billion.
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Earlier this month, BTC broke past a descending price trendline that had been in place since it hit over $73,000 in early April. However, it soon encountered resistance at $65,000 and was pushed below $61,000 on Thursday. However, it found support and bounced back, turning the resistance trendline into support, as shown in the graph below.
(Graph courtesy of CryptoPatel).
Dorsey isn’t the only one optimistic that BTC will keep rising. In a letter this week, crypto investment firm Pantera Capital projected Bitcoin would hit $114,000 by August next year. The company, whose investment successes include Bitstamp, Coinbase and Polkadot, applied the stock-to-flow model in its prediction.
Other bullish predictions include $170,000 next year by Anthony Scaramucci and $150,000 by mid-next year by Bernstein, as Crypto News Flash reported.
Dorsey: Bitcoin is Much More Than Its Price
In his interview, Dorsey stated that while Bitcoin’s price is what keeps many people interested, its allure goes beyond simple speculation.
He stated:
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 left Twitter and now heads his other company, Block, a financial services firm that has invested heavily in Bitcoin. He has continued to be a BTC evangelist globally, pushing for the adoption and funding of applications and educational initiatives.
He concluded:
It’s a fascinating ecosystem and movement, more than anything else. It taught me a lot.
