Bitcoin
This is where Bitcoin (BTC) price will skyrocket to $1 million, according to Jack Dorsey
In a May 9 interview with journalist Mike Solana on Pirate Wires, Twitter co-founder Jack Dorsey shared his bullish view on Bitcoin’s future price movement.
Dorsey counted Solana who believes that the cryptocurrency could rise to “at least US$1 million” by 2030, stating that there is a high probability of “reaching that number and going beyond”.
The true value of Bitcoin
Dorsey highlighted that beyond bitcoin’s price, the most captivating aspect lies in its collaborative ecosystem, where individuals are encouraged to contribute to its improvement.
He emphasized that anyone involved in BTC, whether through work, payment or investment, improves the overall network, thereby increasing its value.
According to him, this dynamic makes BTC more than just a financial asset; represents a compelling ecosystem and movement that has provided valuable lessons.
Dorsey had already express his grand vision of bitcoin’s potential social impact, suggesting that he sees it as capable of contributing to “world peace” and “energy abundance.”
Jack Dorsey’s departure from Bluesky
During the interview, Dorsey, who now runs financial services firm Block, offered insight into his recent departure from the board of BlueSky, a decentralized alternative to Twitter that he co-launched in 2019.
BlueSky officially confirmed Dorsey’s departure via a publish on May 5, expressing gratitude for his role in initiating and funding the project while also announcing the search for a new board member.
When discussing BlueSky, Dorsey expressed concerns about its direction, stating that it was “literally repeating every mistake Twitter made” and asserting that it lacked true decentralization.
He expressed dissatisfaction with BlueSky’s deviation from its original vision as an open-source protocol separate from specific applications, emphasizing its shift toward traditional enterprise structures and moderation tools.
Initially conceptualized as a protocol that Twitter and other social media platforms could use independently of the application layer to mitigate censorship risks, BlueSky’s transition to a more corporate entity with investor support and governance contradicted Dorsey’s intentions.
“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,” he said.
Dorsey, who has since removed his BlueSky account, noted that the Nostr platform, characterized by its anonymity and open protocol free from corporate or centralized authority, best resonates with its principles of censorship resistance.