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Jack Dorsey Predicts Bitcoin at $1 Million by 2030
Twitter co-founder Jack Dorsey, a staunch advocate for Bitcoin, recently shared his bullish outlook for the cryptocurrency in an interview with Pirate Wires. Dorsey confidently stated that he believes Bitcoin will reach $1 million by 2030, emphasizing his unwavering faith in the digital asset.
When questioned about the price of Bitcoin in 2030, Dorsey humorously responded, “I don’t know. Over… at least a million.” He further expressed his conviction that Bitcoin has the potential to surpass this milestone, referring to it as a “fascinating ecosystem and movement.”
Dorsey praised the individuals contributing to the improvement of the Bitcoin ecosystem, asserting that their efforts ultimately enhance the overall ecosystem and drive the price of Bitcoin upwards. He highlighted the positive impact of those who engage with Bitcoin, be it through work, payments, or personal investments.
Despite recent scrutiny surrounding Dorsey’s payments firm Block, including allegations of compliance lapses, Dorsey remains committed to advancing the Bitcoin space. Block has made significant investments in Bitcoin and developed innovative products such as Bitcoin wallets and mining chips. Additionally, Square, a retail payment solution under Block, announced plans to enable businesses to convert a portion of their daily sales into Bitcoin.
Jack Dorsey’s Vision for Decentralized Social Media
In his discussion with Pirate Wires, Dorsey delved into his ventures in decentralized social media and expressed his concerns regarding existing platforms. Notably, he shared his departure from the board of Twitter rival Bluesky and his endorsement of the open-source social media protocol Nostr.
Dorsey criticized Bluesky for replicating the mistakes of traditional social media platforms, highlighting the importance of true decentralization. In contrast, he praised Nostr as a genuinely open protocol that emerged in response to the shortcomings of centralized platforms like Twitter.
Bluesky CEO Jay Graber defended her platform’s approach, emphasizing its marketplace of algorithms and adaptable moderation system. She explained that Bluesky aimed to provide a protocol that could seamlessly integrate with existing social media structures while prioritizing decentralization.
Bluesky developer Paul Frazee challenged Dorsey’s preference for a “pure protocol” approach, advocating for a product-focused strategy in driving development. Despite differing viewpoints, Dorsey acknowledged the value of diverse perspectives and continued to champion the principles embodied by Nostr.
Ultimately, Dorsey’s commitment to fostering innovation in both the cryptocurrency and social media spheres reflects his dedication to pushing boundaries and challenging the status quo.
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