In a recent interview, Twitter and Block co-founder Jack Dorsey expressed his bullish outlook for Bitcoin, suggesting that the cryptocurrency could reach $1 million and “beyond” by the year 2030.
Dorsey, a prominent advocate for Bitcoin, has consistently supported the digital currency through various initiatives, including donations to Bitcoin Core developers and the promotion of Bitcoin-related projects.
During the interview with Pirate Wires, Dorsey shared his optimistic perspective on Bitcoin’s future price trajectory. When asked about Bitcoin’s price in 2030, Dorsey responded with a chuckle, stating, “I don’t know. Over… at least a million.” He further elaborated, expressing confidence that Bitcoin would surpass the $1 million mark and continue to appreciate.
Describing Bitcoin as “a fascinating ecosystem and movement,” Dorsey emphasized the collective effort of individuals contributing to its development. He noted that every individual involved in enhancing the Bitcoin ecosystem ultimately contributes to its value appreciation.
Dorsey’s commitment to advancing the Bitcoin ecosystem is evident through his company Block’s investments in Bitcoin and the development of various Bitcoin-related products, including wallets and ASIC mining chips. Moreover, Square, a retail payment product under Dorsey’s leadership, recently announced plans to enable stores to convert a portion of their daily sales into Bitcoin.
However, amidst Dorsey’s optimistic outlook for Bitcoin’s future, Block has reportedly attracted scrutiny from U.S. prosecutors. According to an NBC News report, federal prosecutors are investigating alleged compliance lapses at the firm, including the handling of crypto transactions from terrorist groups.
Despite potential regulatory challenges, Dorsey remains steadfast in his belief in Bitcoin’s long-term potential, advocating for its widespread adoption and continued growth.