Jack Dorsey Forecasts Bitcoin to Surpass $1 Million by 2030

Jack Dorsey, the visionary co-founder of Twitter, anticipates Bitcoin's price might soar beyond $1 million by 2030.

In a detailed interview with Pirate Wires, he discusses his unwavering support for Bitcoin and the latest strategic moves by his company, Block Inc., to bolster this belief.

Read more about his predictions and the reasons behind his recent resignation from Bluesky's board.

The $1 Million Prediction by Jack Dorsey for Bitcoin

In a recent revelation, Jack Dorsey, the co-founder of Twitter, shared his belief that Bitcoin's price could potentially exceed $1 million by 2030.

This bold prediction was made during an interview published on May 9, 2024, with "Pirate Wires." When asked, "What do you think the price of Bitcoin will be in 2030?" Dorsey responded with his optimistic forecast.

[Laughs] I don't know. Over... at least a million. I do think it hits that number and goes beyond. But I think the price is only interesting...

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.

It's a fascinating ecosystem and movement, more than anything else. It taught me a lot.

Jack Dorsey

Dorsey’s Strong Advocacy for Bitcoin

Jack Dorsey has been a prominent supporter of Bitcoin from an early stage, consistently touting it as the optimal native currency of the internet.

His leadership at Block Inc. (formerly known as Square) underscores his commitment, as the company continues to engage in Bitcoin-related initiatives.

Their mobile payment application, Cash App, and their payment service, Square, both support Bitcoin. Additionally, they have developed the Bitkey, a Bitcoin hardware wallet.

Recently, Square introduced a feature last month that allows businesses to automatically convert a portion of their sales into Bitcoin.

On May 2, Block Inc. announced a plan to allocate 10% of the gross profit from its BTC-related products to monthly BTC purchases, further demonstrating a strong commitment to Bitcoin.

The interview also focused on Dorsey's recent resignation from the board of Bluesky, which has been touted as a decentralized version of Twitter. It delves into the reasons behind his sudden departure, providing insights into the background of this development.

The full details of Jack Dorsey's interview can be read in the "Pirate Wires" article.

>> Other price forecasts here.