Bitcoin
Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000’ by 2030: Report
Billionaire and technology entrepreneur Jack Dorsey expects big things from Bitcoin (Bitcoin) over the next six years.
In a new interview With technology-focused news site Pirate Wires, the Twitter co-founder predicts the leading crypto asset will skyrocket to “at least” $1 million by 2030.
“I think it reaches that number and goes beyond. But I think the price is just interesting… The most amazing thing about Bitcoin, besides the founding story, is anyone who works on it, or gets paid for it, or buys it for themselves – everyone who strives to make it better – the entire ecosystem is improving, which causes the price to rise. It’s a fascinating ecosystem and movement more than anything else. It taught me a lot.”
Earlier this month, Dorsey Block’s fintech conglomerate announced is investing 10% of its gross profit from Bitcoin products directly into BTC itself.
At the end of March and before the start of the new Bitcoin purchase program, Block had 8,038 BTC on its balance sheet, according to a document shared by the company. Bitcoin treasury represented approximately 9% of the company’s total cash, cash equivalents and marketable securities.
BTC is trading at $60,529 at the time of writing and is down over 3.5% in the last 24 hours.
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