Jack Dorsey's forecast: Bitcoin could surpass one million dollars by 2030

The crypto industry constantly lives with predictions about the future value of Bitcoin. Amid the current price of $68.32K, Jack Dorsey, known for his influence on digital assets, has made a bold forecast that the king of the crypto market could surpass the psychological barrier of one million dollars within the next four years.

Jack Dorsey’s Vision for Bitcoin and the Crypto Ecosystem

In an interview with The Wall Street Journal, the executive shared his ambitious expectations. When asked about his Bitcoin price forecast, Dorsey responded quite decisively: the amount will definitely reach one million dollars and, in his belief, will exceed that mark.

However, Jack Dorsey emphasizes not only the numbers. In his view, the most important thing about Bitcoin is not just its creation story but the unique ecosystem where every participant contributing to the network’s development simultaneously strengthens the entire project. This approach creates a positive cycle: improving infrastructure and functionality leads to increased value for all holders. This philosophy shapes Dorsey’s vision of the future of cryptocurrencies.

History shows that Jack Dorsey consistently demonstrates loyalty to these principles. Having stepped down as Twitter CEO in 2021, he actively supports several projects aimed at developing decentralized technologies. Previously, he sponsored the social media platform BlueSky, although later his interests shifted to the Nostr protocol, whose vision aligns better with his concept of free technologies.

Industry Leaders’ Opinions: Consensus or Coincidence?

Dorsey’s forecast is not an isolated voice. Cathy Wood, founder and CEO of investment firm Ark Invest, shared an even more optimistic scenario. According to her calculations, Bitcoin could reach $1.5 million by the same deadline — 2030.

The coincidence of forecasts from two such influential industry figures indicates a widespread belief in Bitcoin’s long-term potential. Both see the cryptocurrency not as a speculative asset but as a fundamental component of the future financial architecture.

Dorsey’s career trajectory confirms the depth of his commitment to this idea. In 2009, he founded Square, which was renamed Block in 2021, reflecting the company’s expanded focus on blockchain technology and digital assets. This transformation symbolizes the evolution of his views and the increasing importance of the crypto ecosystem in his strategy.

Current State of the Bitcoin Market: Risks and Opportunities

While the $1 million target seems ambitious relative to the current level, the market shows complex dynamics. Bitcoin recently attempted to break above $70,000 but retreated to around $68,300, highlighting volatility at key resistance levels.

Interestingly, alternative cryptocurrencies — Ethereum, Solana, Cardano, and Dogecoin — are showing more pronounced growth, indicating increased investor appetite for riskier assets with higher potential returns.

Nevertheless, analysts warn of serious risks that could hinder the achievement of optimistic goals. Global economic instability, slowing stablecoin supply expansion, and the threat of cascading liquidations if Bitcoin falls below $60,000 create medium-term market uncertainty.

Dorsey’s forecast remains a personal assessment amid many factors that could either facilitate or hinder the realization of such a scenario. Nonetheless, the vision of Bitcoin’s growth, supported by major industry figures, continues to serve as a guide for market participants seeking long-term opportunities within the crypto ecosystem.