Jack Dorsey is betting a lot on the future of Bitcoin-BTC, and expects its price to rise to exceed the $1 million mark by 2030; when asked by Mike Solana of Pirates Wires about his prediction of the future value of BTC, Dorsey replied: “I’m not sure, more than…. At least a million (dollars), I think it will reach that level and exceed it.”
However, the price of Bitcoin is not a priority in itself for Dorsey, as he reiterated that what impresses him are other aspects, as he stated during the interview published on Thursday: “Perhaps the most exciting aspect of Bitcoin, regardless of its exciting founding story, is that anyone who works on it, gets paid by it, or buys it for themselves invests their effort to make its tech system the best that raises its value,” he added during the interview published on Thursday. “It’s a technical system and an amazing movement that outperforms everyone else, it taught me a lot personally.”
But Dorsey wasn’t alone in predicting Bitcoin’s price to reach such high levels, as Cathie Wood, CEO of Ark Invest, predicts Bitcoin will reach $1 million by 2030, and Jurrien Timmer, director of global strategy at Fidelity Investments, predicts a seven-digit figure in the $10-10 million range by 2030.
Dorsey abandons Bluesky for repeating Twitter’s ‘mistakes’
Dorsey, the former Twitter CEO, revealed this week that he had resigned from the board of Bluesky. According to its vision set in 2019, the platform seeks to become a decentralized alternative to social media platforms.
“Our dream of decentralization and our desires to develop an open source protocol suddenly turned into a venture capitalist and board of directors,” Dorsey told Pirates Wire, adding, “This was not what I looked forward to or intend to help create.”
While he attributed his departure from Bluesky to the path it has taken by saying that it “repeats literally all the mistakes made by Twitter – as a company,” Dorsey revealed that his focus is currently on another decentralized platform called Nostr that seeks to challenge its predecessor Twitter, explaining that he wants to help develop Nostr to become an already open source protocol.
Jack Dorsey’s Block Company Announces Strategic Approach to Buying BTC Coins Monthly
Dorsey is the current president of payment solutions company Block, which is redoubling down on its efforts to buy Bitcoin. Last week, the company announced a new approach to invest 10% of the profits of its Bitcoin-related products in buying more BTC currencies per month.
Block was one of the first public companies to invest in Bitcoin worth $220 million in 2020. By the end of the first quarter of 2024, the company increased its BTC holdings by 160% to $573 million.
