InvestorCrypto.net - Former CEO of Twitter and now founder and supporter of several crypto projects, Jack Dorsey, believes that bitcoin (BTC) will reach $1 million by 2030.
When asked about his price prediction for bitcoin in an interview with Pirate Wires, Dorsey said, "I don't know. At least one million. I think it reaches that number and surpasses it."
Despite the intriguing price of the cryptocurrency, he says, it is the ecosystem and its movements that fascinate Dorsey the most.
"The most amazing thing about bitcoin, apart from its founding story, is that anyone who works on it, or gets paid in it, or buys it themselves—everybody who tries to make it better—makes the entire ecosystem better, which drives up the price," he stated.
Although $1 million may seem like a far cry from the current price of bitcoin at $60,886, other big names in the industry have expressed similar views. Founder and CEO of Ark Invest Cathie Wood has even gone a step further, predicting the token will reach $1.5 million by 2030.
Since stepping down as CEO of Twitter in 2021, Dorsey has become a prominent supporter of the industry, leading and backing various projects over the years.
In 2019, he became a supporter of the social media startup BlueSky, which he recently departed from as his vision for a decentralized social media platform aligned more with its competitor, Nostr.
Dorsey also founded a company named Square in 2009, which rebranded to Block in 2021 as his interest in blockchain technology grew.
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