- Dorsey gave an optimistic prediction about Bitcoin’s long-term price trajectory.
- The twitter co-founder made the observation that BTC’s price isn’t the most intriguing part.
In 2030, according to Twitter co-founder Jack Dorsey, the price of Bitcoin might hit $1 million, and it could continue to rise in value beyond that.
Dorsey gave an optimistic prediction about Bitcoin’s long-term price trajectory and explained his sudden exit from the board of BlueSky, a decentralized Twitter alternative he helped found in 2019, during an interview with journalist Mike Solana on Pirate Wires on May 9.
Strong Bitcoin Backing
Dorsey informed Solana that, in his opinion, the price of Bitcoin may reach “at least a million” by 2030 and go far higher than that. Moreover, Dorsey, who is now the head of Block Inc, made the observation that Bitcoin’s price isn’t the most intriguing part of the cryptocurrency. Rather, he emphasized the ecosystem’s collaborative character and how it encourages group efforts to improve the network.
The most remarkable aspect of Bitcoin, aside from its origin story, is that anyone who contributes to it, receives payment in it, or purchases it for personal use — everyone who makes an effort to improve it — is improving the entire ecosystem, which leads to an increase in price, the former Twitter co-founder stated.
An alternative to Twitter, Dorsey helped build Bluesky, a decentralized social network, and his confirmation that he would be leaving the board on May 6 caused eyebrows to rise.
In an effort to lessen the likelihood of censorship, Dorsey initially planned for Bluesky to be an open-source protocol upon which Twitter and other social media platforms could be built. On the other hand, he said that the corporation began to act more conventionally and advocate for moderating tools.
Highlighted Crypto News Today:
Why Are South Asian-Based Cryptos Currently Capturing Traders’ Attention?
