Twitter co-founder Jack Dorsey forecasts a bullish future for Bitcoin, anticipating its price to exceed $1 million by 2030 and continue climbing thereafter. Dorsey discusses Bitcoin's collaborative ecosystem and his departure from Bluesky, emphasizing the importance of true decentralization. Despite regulatory scrutiny, Dorsey reaffirms his commitment to Bitcoin by allocating a portion of Block's profits to BTC purchases.
In a recent interview with journalist Mike Solana on Pirate Wires, Twitter co-founder Jack Dorsey expressed his optimistic outlook on Bitcoin's long-term price trajectory. Dorsey predicts that Bitcoin's price could reach a minimum of $1 million by the year 2030, with the potential for further growth beyond that milestone.
Dorsey, who currently heads the financial services firm Block, emphasizes that Bitcoin's price is just one aspect of its significance. He highlights the collaborative nature of the Bitcoin ecosystem, where efforts to improve the network contribute to its overall value appreciation.
Reflecting on his departure from Bluesky, a decentralized social network initiative he helped launch, Dorsey criticizes the project for deviating from its original vision of true decentralization. He notes that Bluesky began resembling a traditional company rather than an open-source protocol, leading to his decision to distance himself from the platform.
Dorsey underscores his commitment to censorship resistance and decentralization, highlighting his alignment with platforms like Nostr, which prioritize anonymity and open protocols over centralized control.
Despite regulatory scrutiny faced by Block, including compliance investigations by US federal prosecutors, Dorsey remains steadfast in his support for Bitcoin. He recently announced Block's commitment to allocate 10% of its gross profit from Bitcoin-related products towards purchasing more BTC each month, demonstrating his confidence in the cryptocurrency's future.
As Dorsey continues to navigate the evolving landscape of cryptocurrency and decentralized technology, his bullish predictions for Bitcoin and dedication to its principles reaffirm his status as a prominent figure in the digital currency space.
(MARTIN YOUNG, COINTELEGRAPH, 2024)