Coin Edition -
- Jack Dorsey predicts that Bitcoin could hit $1 million by 2030 and reach further highs in the following years.
- The entrepreneur is more fascinated with Bitcoin’s ecosystem, which taught him a lot.
- Dorsey sheds light on his departure from BlueSky, stating that the platform repeats all mistakes committed by Twitter.
Jack Dorsey, the former CEO of Twitter, reiterated his bullish perspective on Bitcoin (BTC), forecasting that the pioneer cryptocurrency could reach $1 million by 2030. He added that Bitcoin could surpass $1 million and reach more highs subsequently.
Dorsey highlighted the potential of Bitcoin in the Pirate Wires interview with journalist Mike Solana, where he shared insights on his departure from BlueSky, the Twitter alternative he co-founded. He posited that BlueSky was “literally repeating all the mistakes [Twitter] made as a company.”
In an exclusive Pirate Wires interview, Jack predicts there’s "absolutely no way" social media companies will remain resistant to state censorship without open protocols."You can take content down within the country, but it’s still available to the rest of the world. But if… pic.twitter.com/YzvWa51ywS— Pirate Wires (@PirateWires) May 9, 2024
Commenting on his opposition to the policy of BlueSky, Dorsey highlighted that the firm is functioning more as a traditional company. He elaborated,
“Everything we wanted around decentralization, everything we wanted in terms of an open source protocol, suddenly became a company with VCs and a board. That’s not what I wanted, that’s not what I intended to help create.”
The entrepreneur holds an optimistic outlook for Bitcoin’s long-term price action despite the prevailing fluctuations. While Dorsey predicted Bitcoin’s potential surge to $1 million by 2023, he hinted at the possible ascendance to a more bullish figure, stating that Bitcoin “hits that number and goes beyond.”
At present, Bitcoin’s price is set at $62,771, with a daily surge of 1.96%. Over the past 7 days, BTC has experienced a notable increase of 5.5%. However, the current BTC price marks a monthly dip of more than 9%.
Further, Dorsey pointed out the “most amazing” aspect of Bitcoin, stating that more than the cryptocurrency’s price, its ecosystem has made it unique. He cited,
“The most amazing thing about Bitcoin, apart from the founding story, is anyone who works on it, or gets paid in it, or buys it for themselves — everyone who puts any effort in to make it better — is making the entire ecosystem better, which makes the price go up.”
Dorsey further stated that Bitcoin’s ecosystem has taught him a lot. He added, “It’s a fascinating ecosystem and movement, more than anything else.”
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