Jack Dorsey Sees Bitcoin Hitting $1 Million by 2030

Jack Dorsey, the former Twitter CEO and a significant advocate for cryptocurrency, predicts that Bitcoin will surpass $1 million by the year 2030. This forecast echoes the sentiments of other industry figures like Cathie Wood, who envisions Bitcoin potentially reaching $1.5 million around the same time. Dorsey’s involvement in the cryptocurrency industry has deepened since he stepped down as Twitter’s CEO, leading to his active participation in various crypto projects.

During an interview with Pirate Wires, Dorsey expressed his optimism about Bitcoin’s future, stating, “I don’t know. Over… at least a million. I do think it hits that number and goes beyond.” He highlighted that the value of Bitcoin isn’t merely in its price but in the burgeoning ecosystem that supports it. He believes that every contribution to Bitcoin, whether through development, investment, or use, enhances the entire system, thus driving up its value.

Post-Twitter, Dorsey has ventured into several initiatives, including the social media startup BlueSky. However, he recently left BlueSky due to disagreements over the project’s direction, particularly its deviation from his vision of a decentralized platform. He criticized the addition of moderation tools, which he felt contradicted the goal of user control, noting, “This is not a protocol that’s truly decentralized. It’s another app that’s just kind of following in Twitter’s footsteps, but for a different part of the population,” Dorsey explained in the interview.

Disappointed with the path BlueSky was taking, Dorsey withdrew from the project and shifted his focus to Nostr, a decentralized network protocol aimed at fostering a distributed social networking system. Unlike BlueSky, Nostr operates without a formal corporate structure or external funding, which aligns more closely with Dorsey’s ideals of decentralization.