Jack Dorsey, the founder and former CEO of Twitter (now X), recently expressed his positive outlook on Bitcoin (BTC). He believes that soon, Bitcoin could record a bullish uptick in value to over $1 million.
Bitcoin to Surpass $1M by 2030
In a recent chat with tech journalist Mike Solana, Dorsey shared his optimistic viewpoint on the digital coin. Mike could not resist asking Dorsey about his Bitcoin prediction for 2030. With a playful tone, he responded somewhat unsure, adding a touch of humor to the chat.
However, he expressed his belief that the virtual asset has the potential to reach “at least a million” within the next six years. He noted that Bitcoin could even soar beyond in the coming decade.
In addition, he mentioned that beyond the price, what makes the virtual asset special is its collaborative community. This plays a major role in driving it towards higher prices and ecosystem advancement.
The latest prediction may come as no surprise to ardent followers of the billionaire who went all out on Bitcoin since stepping down as CEO.
Notably, other industry leaders are all on the same page as Dorsey. For instance, Cathie Wood of Ark Invest, financial author Robert Kiyosaki, and Michael Saylor from MicroStrategy all share similar optimism about BTC. The “Rich Dad Poor Dad” author Robert Kiyosaki, has always pitched the virtual coin as a major asset to own.
Implication of BTC’s meteoric rise
Bitcoin is currently trading at $63,315, down 2.77% in the past 24 hours. To reach $1 million in the next six years, the digital coin would need to surge by over 1,502%.
An astronomical figure would be if the supply of Bitcoin remains stable at 19,696,421 coins by 2030. Achieving the $1 million per BTC valuation would put its total valuation at about $20 trillion.
Recently, the launch of Ethereum and Bitcoin ETF trading in Hong Kong has forced the digital coin bulls to act.
Nevertheless, a big driver of Bitcoin’s rise is the approval of exchange-traded funds (ETFs) by the US financial regulator back in January. Tech giants like Susquehanna International Group (SIG) have taken advantage of this opportunity by betting a huge $1 billion bet in spot Bitcoin ETF products.
