Twitter co-founder Jack Dorsey said Bitcoin could reach a price of at least $1 million by 2030, and its value could increase even more from then on.

Speaking in a May 9 interview with Pirate Wires journalist Mike Solana, Dorsey offered an optimistic outlook on Bitcoin's long-term price action as well as providing more context behind his sudden departure from the club. BlueSky board – a decentralized Twitter alternative he helped launch in 2019.

Dorsey told Solana that he believes the price of Bitcoin could reach “at least a million dollars” by 2030 and added that it is very possible that it “reaches that number and goes beyond.”

Dorsey – now the head of financial services firm Block – noted that the Bitcoin price is actually not the most interesting aspect of Bitcoin, instead pointing to the collaborative nature of the ecosystem and how it incentivizes Encourage collective efforts to enhance the network.

“The best thing about Bitcoin, beyond its founding story, is that everyone who works on it, gets paid for it, or buys it for themselves – everyone who works to make it better – is makes the entire ecosystem better, causing prices to go up.” “It's a fascinating ecosystem and movement, more than anything else,” he said before adding, “It taught me a lot.”

Leaving the “decentralized social network” Bluesky

Dorsey raised eyebrows when it was confirmed that he would be leaving the board of Bluesky, a decentralized social network he helped found as an alternative to Twitter.

He said that Bluesky is “really repeating all the mistakes that Twitter made,” adding that it is not a protocol that can be considered truly decentralized. “It's a different app,” he said.

Dorsey initially envisioned Bluesky as an open source protocol that Twitter and other social media platforms could build on, separating the protocol layer from the application layer to reduce censorship risks.

However, he said the company started to behave more like a traditional company when it started pushing moderation tools.

“Everything we wanted around decentralization, everything we wanted in terms of open source protocols, suddenly became a company with a VC and a board of directors. That's not what I wanted, that's not what I intended to create.”

Dorsey, who deleted his Bluesky account, said the Nostr platform, an open, anonymous protocol with no corporate or centralized control, is better suited to his anti-censorship goals.

In an announcement to shareholders on May 2, Dorsey said that his fintech company Block will convert 10% of gross profits from Bitcoin-related products to buying more BTC each month.

On May 1, it was reported that US federal prosecutors were investigating Block after documents emerged alleging compliance violations at the company's payments divisions, Square and Cash App.

Source: https://tapchibitcoin.io/jack-dorsey-cho-biet-bitcoin-se-co-price-it-nhat-mot-trieu-usd-vao-nam-2030.html