Block CEO Jack Dorsey Recently predicted Bitcoin would reach a value of “at least $1 million” In 2030,
Dorsey is a Bitcoin enthusiast who, since stepping down from Twitter (now X), has taken part in multiple Bitcoin and Nostr initiatives.
Jack Dorsey has predicted at least $1 Million #Bitcoin Price by 2030🚀 pic.twitter.com/uNukkC4goQ
— Bitcoin Magazine (@BitcoinMagazine) May 10, 2024
Recent studies have shown that interview Dorsey’s bullish forecast for 2030 was based on the collaboration of Bitcoin and its ecosystem, which he discussed with journalist Mike Solana.
The Bitcoins that he said were being contributed by anyone is a violation of the law “making the entire ecosystem better, which makes the price go up.”
The forecast is similar to others Cathie Wood Who sees Bitcoin rising above $1,000,000 this decade, as institutional investors embrace Bitcoin as “digital gold.”
Dorsey emphasized that Bitcoin is compelling because of its censorship resistance, and not only the price. Recent concerns that Bluesky was moving away from its decentralization principles led him to leave the board.
After stepping aside, the ex-Twitter CEO has increased his focus on Bitcoin. Since stepping down, the former Twitter CEO has increased his focus on Bitcoin. financial Block, a service company that offers Bitcoin services, is dedicating 10% its revenue. acquiring more BTC.
Nostr was also mentioned as a social media protocol that is decentralized. He’s been giving millions of dollars to Nostr, Bitcoin open source and other projects.source projects.
Dorsey, one of Bitcoin’s leading advocates. He discussed Twitter’s struggles to remain open, given the centralized nature of its architecture. He thinks that truly decentralized networks, such as Bitcoin and Nostr, are essential for freedom.
Dorsey’s prediction of a Bitcoin worth a million dollars demonstrates his belief in Bitcoin as an international, transparent currency. financial Cryptography is a better alternative to central intermediaries.
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Source: bitcoinmagazine.com