- In a recent interview, Twitter co-founder Jack Dorsey expressed his bullish stance on Bitcoin, predicting its value could reach $1 million by 2030.
- Dorsey emphasized the importance of Bitcoin’s collaborative ecosystem, which he believes drives its value beyond just a financial asset.
- The tech mogul also shared insights into his departure from the board of BlueSky, a decentralized Twitter alternative, citing concerns over its deviation from its original vision.
Twitter co-founder Jack Dorsey predicts Bitcoin could reach $1 million by 2030, highlighting the cryptocurrency’s collaborative ecosystem as a key driver of its value. Dorsey also discusses his departure from BlueSky, expressing concerns over its shift towards traditional company structures.
Dorsey’s Bitcoin Prediction
In a May 9 interview with journalist Mike Solana on Pirate Wires, Jack Dorsey shared his optimistic view of Bitcoin’s future price action. He believes the cryptocurrency could soar to “at least $1 million” by 2030, stating that there is a high probability it “hits that number and goes beyond.”
The Value of Bitcoin’s Ecosystem
Dorsey highlighted that beyond bitcoin’s price, the most captivating aspect lies in its collaborative ecosystem. Individuals are incentivized to contribute towards its improvement, whether through work, payment, or investment, thereby driving its value higher. This dynamic, according to Dorsey, makes BTC more than just a financial asset; it represents a compelling ecosystem and movement that has provided valuable lessons.
Dorsey’s Departure from BlueSky
During the interview, Dorsey also offered insights into his recent departure from the board of BlueSky, a decentralized Twitter alternative he co-launched in 2019. He expressed concerns about its direction, stating it was “literally repeating all the mistakes Twitter made” and asserting that it lacked true decentralization. Dorsey expressed dissatisfaction with BlueSky’s deviation from its original vision as an open-source protocol separate from specific applications, emphasizing its shift towards traditional company structures and moderation tools.
Conclusion
Dorsey’s bullish prediction for Bitcoin’s future value and his emphasis on the importance of its collaborative ecosystem highlight the potential he sees in the cryptocurrency. His departure from BlueSky underscores his commitment to decentralization and open-source protocols, principles he believes are crucial for the future of digital platforms. As Bitcoin continues to evolve, it will be interesting to see if Dorsey’s predictions come to fruition.
