Bitcoin Price Could Exceed $1 Million by 2030, Jack Dorsey Forecasts

Former Twitter CEO Jack Dorsey is the latest prominent figure to forecast that bitcoin price will reach unprecedented levels, predicting BTC could surpass $1 million by the end of 2030. In a recent interview, Dorsey articulated his bullish outlook with characteristic confidence, stating “I do think it hits that number and goes beyond,” when discussing the cryptocurrency’s long-term trajectory.

Dorsey’s Perspective: Growth Through Ecosystem Development

What distinguishes Dorsey’s btc price projection from simple speculation is his focus on the underlying mechanics. Rather than viewing the cryptocurrency purely through a price lens, Dorsey emphasizes how ecosystem contributors—developers, users, and participants who dedicate effort to strengthen the network—create tangible value that naturally drives upward pressure on BTC price. “The most remarkable thing about bitcoin,” he explained, “is that anyone working on it or integrating it creates improvements that benefit the entire system, which naturally pushes the price higher.”

This philosophy reflects Dorsey’s broader commitment to bitcoin’s infrastructure. Since departing from Twitter in 2021, he has actively championed multiple crypto-focused initiatives. His involvement spans from founding Square in 2009—later rebranded as Block in 2021 to better reflect its blockchain emphasis—to backing BlueSky as a decentralized social media alternative. Recently, Dorsey has shifted focus toward Nostr, a protocol that aligns more closely with his vision for distributed technologies.

Building Consensus: Cathie Wood Echoes Optimistic 2030 Forecasts

Dorsey’s btc price prediction for 2030 doesn’t stand in isolation. Cathie Wood, founder and CEO of Ark Invest, has made an even more aggressive call, forecasting bitcoin could reach $1.5 million by the same timeframe. This convergence of opinion from two influential industry voices suggests serious institutional confidence in bitcoin’s long-term value proposition, even as current BTC price hovers around $67,860—a level that renders a million-dollar target ambitious by historical standards.

Market Performance: A Mixed Picture in the Near Term

Recent trading activity reveals complexity beneath the surface bullish narrative. While bitcoin briefly approached $70,000 before retreating to approximately $68,300, the failed attempt to reclaim key technical resistance levels highlights vulnerability. Meanwhile, altcoins including Ethereum, Solana, Cardano, and Dogecoin have significantly outperformed bitcoin, signaling investors’ renewed appetite for higher-risk assets.

Headwinds and Uncertainties for BTC Price Stability

Despite near-term optimism, market analysts caution that structural challenges could constrain bitcoin’s ability to sustain a bullish trajectory. Fragile macroeconomic conditions, sluggish stablecoin supply growth, and the persistent threat of cascading liquidations if BTC price dips below $60,000 all represent meaningful downside risks. These factors create an environment where predictions about 2030 targets remain speculative, even as believers like Dorsey maintain conviction in bitcoin’s eventual trajectory.