What Will Bitcoin Be Worth by 2030? Dorsey and Industry Leaders Forecast $1M+

Bitcoin’s long-term price trajectory has become a focal point of debate among crypto industry leaders, with prominent figures projecting substantial gains by 2030. Jack Dorsey, founder of Square (now Block) and former Twitter CEO, recently stated his conviction that bitcoin could reach $1 million or higher before the end of the decade, joining other influential investors in predicting transformative price movements.

Dorsey’s $1 Million Bitcoin Price Prediction for 2030

In an interview with Pirate Wires, Dorsey articulated his bullish stance on bitcoin’s future valuation. When asked about his price expectations, he responded: “I don’t know. Over… at least a million. I do think it hits that number and goes beyond.” This positions his forecast as one of the most optimistic long-term projections from a major tech and crypto entrepreneur.

Dorsey’s involvement in the crypto space extends far beyond simple price speculation. His company Block diversified into cryptocurrency infrastructure, while his personal investments span multiple projects including BlueSky—a decentralized social media platform through which he previously advocated for alternative protocols like Nostr. This hands-on experience shapes his conviction about bitcoin’s potential.

Aligning with Other Industry Leaders: Cathie Wood’s Even Higher Target

Dorsey’s outlook doesn’t stand alone in the investment community. Cathie Wood, founder and CEO of Ark Invest, has projected an even more aggressive target: bitcoin reaching $1.5 million by 2030. This alignment from multiple institutional-grade investors suggests that such price levels, while dramatic from today’s perspective, are not treated as fringe predictions within serious investment circles.

Both investors emphasize different aspects of their theses—Dorsey focuses on ecosystem development, while Wood’s analysis incorporates institutional adoption and macroeconomic factors—yet they converge on substantial upside potential over the next four years.

The Bitcoin Ecosystem: Why Development Drives Value

Rather than treating bitcoin as a purely speculative asset, Dorsey highlights the network effects that undergird long-term appreciation. “The most amazing thing about bitcoin, apart from the founding story, is anyone who works on it, or gets paid in it, or buys it for themselves—everyone who puts any effort in to make it better—is making the entire ecosystem better, which makes the price go up,” he explained.

This perspective reframes the conversation from near-term price swings to fundamental utility expansion. Developer activity, adoption as a medium of exchange, and protocol improvements collectively strengthen the network, creating compounding value that eventually reflects in market valuation.

Market Reality: Current Bitcoin Price and Near-Term Challenges

As of early 2026, bitcoin trades around $68,040, representing steady consolidation after briefly approaching the $70,000 resistance level. While this reflects solid recovery from mid-range support, the path to $1 million requires navigating several macro headwinds.

Altcoins including Ethereum, Solana, Cardano, and Dogecoin have recently outperformed bitcoin, signaling renewed risk appetite shifting toward higher-volatility assets. Meanwhile, analysts caution that stablecoin supply stagnation and potential cascading liquidations below $60,000 present medium-term risks that could test investor conviction before longer-term targets materialize.

The Bridge Between Today and 2030

The gap between bitcoin’s current $68K price and the $1M+ targets proposed by Dorsey and Wood represents approximately a 14-15x return over roughly four years. Historical crypto cycles have produced similar multiples, though success is far from guaranteed and subject to regulatory, macroeconomic, and technological developments that remain unpredictable.

Whether bitcoin ultimately validates these predictions or confronts setbacks, the debate itself underscores the asset class’s evolution from speculative novelty to a serious consideration within mainstream investment frameworks.