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Author: Martin Young, CoinTelegraph; Compiled by: Wuzhu, Bitchain Vision
Twitter co-founder Jack Dorsey said Bitcoin could reach at least $1 million by 2030, adding that from then on, its value may grow further.
Dorsey was optimistic about Bitcoin’s long-term price movements in an interview with reporter Mike Solana on Pirate Wires on May 9 and provided more context for his sudden exit from BlueSky’s board of directors – one he helped createDecentralized Twitter Alternative – Launched in 2019.
Dorsey notes:He believes that by 2030, the price of Bitcoin could reach “at least 1 million”, adding that it is likely to “meet and surpass that number”.
Dorsey, who is currently head of financial services firm Block, notes that the price of Bitcoin is not actually the most interesting aspect of Bitcoin, but points to the collaborative nature of the ecosystem and the way it inspires collective efforts to strengthen the network.
“The most amazing thing about Bitcoin besides the founder’s story is that anyone who works in Bitcoin, or who gets paid for it, or who buys Bitcoin for themselves—every effort to make itThe people who are getting better — are making the entire ecosystem better, which makes prices rise.”
“It’s a fascinating ecosystem and story that’s more important than anything else,” he added, “it taught me a lot.”
Source: Mike Solana
Earlier this week, Dorsey was confirmed to leave the Bluesky board, which caught the attention.Bluesky is a decentralized social network he helped create as a Twitter alternative.
He said Bluesky was “actually repeating all the mistakes [Twitter] made”, adding that it was not a protocol that could be considered truly decentralized.“This is another app,” he said.
Dorsey initially envisioned Bluesky as an open source protocol on which Twitter and other social media platforms could be built, separating the protocol layer from the application layer to reduce censorship risks.
However, he said the company is acting more like a traditional company that has begun pushing for audit tools.
“Everything we wanted about decentralization, everything we wanted about open source protocols, suddenly became a company with venture capital and boards. It’s not what I wanted, nor was it what I wanted to help create..”
Dorsey later deleted his Bluesky account.He said the Nostr platform is an anonymous, open agreement with no company or centralized control, which is more in line with his goal of resisting scrutiny.
On May 2, Dorsey said in a note to shareholders that his fintech company Block will use 10% of the gross profit of Bitcoin-related products to buy more Bitcoins per month.
On May 1, reports pointed out that U.S. federal prosecutors are investigating Block because documents say there are violations in the company’s payment divisions Square and Cash App.
