In an interview with journalist Mike Solana on Pirate Wires on May 9, Twitter co-founder Jack Dorsey shared his optimistic view of Bitcoin's future price direction.
Dorsey told Solana that he believes the cryptocurrency could rise to “at least $1 million” by 2030, explaining that there is a high chance it will “reach and go beyond that number.”
The True Value of Bitcoin
Dorsey emphasized that aside from Bitcoin's price, the most intriguing aspect lies in its collaborative ecosystem, where individuals are incentivized to contribute to its improvement.
He emphasized that everyone who participates in BTC, whether through work, payment or investment, improves the entire network and thereby increases its value.
According to him, this dynamic makes BTC more than just a financial asset; It represents a compelling ecosystem and movement that has provided valuable lessons.
Dorsey had previously expressed his grand vision for Bitcoin's potential societal impact, suggesting that he believes it can contribute to “world peace” and “energy wealth.”
Jack Dorsey
Jack Dorsey's farewell to Bluesky
During the interview, Dorsey, who now runs financial services firm Block, shared insights into his recent departure from the board of BlueSky, a decentralized Twitter alternative he co-founded in 2019.
BlueSky officially confirmed Dorsey's exit via mail on May 5, expressing gratitude for his role in initiating and funding the project while also announcing a search for a new board member.
When discussing BlueSky, Dorsey raised concerns about its direction, stating that it was “literally repeating all the mistakes that Twitter has made” and that it lacked true decentralization.
He expressed dissatisfaction with BlueSky's departure from its original vision as an open source protocol separate from specific applications, emphasizing the shift towards traditional corporate structures and moderation tools.
Originally conceived as a protocol that Twitter and other social media platforms could use regardless of the application layer to mitigate censorship risks, BlueSky's transition to a more corporate entity with investor backing 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 of directors. That’s not what I wanted, that’s not what I wanted to help create,” he said.
Dorsey, who has since removed his BlueSky account, noted that the Nostr platform, which is characterized by its anonymity and open protocol free from corporate or centralized authority, better fits his principles of censorship resistance.
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