Connect with us

Hi, what are you looking for?


Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030

Tech leader Jack Dorsey is betting big on Bitcoin, forecasting a price explosion to over $1 million by 2030.

As Pirates Wire’s Mike Solana asked for his take on Bitcoin’s future value, Dorsey said: “I don’t know. Over… at least a million. I do think it hits that number and goes beyond.”

Still, the crypto asset’s price takes a backseat for Dorsey, who reiterated his core fascination with Bitcoin lies in other aspects.

“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,” he said in the interview published Thursday. “It’s a fascinating ecosystem and movement, more than anything else. It taught me a lot.”

Dorsey isn’t alone in foreseeing Bitcoin reaching remarkable levels. Ark Invest CEO Cathie Wood also sees a $1m valuation for Bitcoin by 2030. Additionally, Jurrien Timmer, director of global macro at Fidelity Investments, has projected a seven-figure range for Bitcoin estimating it to fall between $1m and $10m in 2030.

Dorsey Ditches Bluesky For Repeating Twitter’s ‘Mistakes’

This week, Dorsey, the one-time Twitter CEO, revealed he stepped down from Bluesky’s board. The platform, envisioned in 2019, aims 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 help create.”

He attributed his departure to Bluesky’s path, saying it was “literally repeating all the mistakes [Twitter] made as a company.”

Dorsey further revealed his true focus lies with Nostr, another decentralized platform challenging Twitter. He said he wanted to support Nostr’s development as a genuine open-source protocol.

Jack Dorsey’s Block Announces Strategic Monthly Bitcoin Purchases

Dorsey is currently head of payments firm Block, which is doubling down on Bitcoin. Last week, the firm announced a new strategy to invest 10% of its Bitcoin product profits into buying more Bitcoin every month.

Block was one of the first public companies to invest in Bitcoin, with a $220m investment in 2020. The company’s Bitcoin holdings have surged 160% to reach $573m by the end of Q1 2024.

The post Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030 appeared first on Cryptonews.

You May Also Like

Editor's Pick

For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

Editor's Pick

After the final lecture of my Fall 2022 International Economic Policy course (an undergraduate offering meant to introduce non-economics majors to the economics of...

Editor's Pick

In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT),...

Editor's Pick

Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024