Jack Dorsey Predicts Bitcoin Price To Hit At Least $1M By 2030: 'Hits That Number And Goes Beyond'
Portfolio Pulse from Aniket Verma
Jack Dorsey, former CEO of Twitter (now X), predicts Bitcoin (BTC) will reach at least $1 million by 2030, highlighting the asset's growing ecosystem and decentralized nature. The prediction comes amid a 50% increase in Bitcoin's price since the year began, partly due to the introduction of Bitcoin spot ETFs, leading to significant institutional investment. Ark Invest, which operates a Bitcoin spot ETF, has seen $2 billion in net inflows, despite CEO Cathie Wood's more ambitious $3.8 million Bitcoin price prediction for 2030.
May 10, 2024 | 9:15 am
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Jack Dorsey's bullish prediction for Bitcoin reaching at least $1 million by 2030 underscores the growing confidence in the cryptocurrency's value and its ecosystem. This optimism is further supported by the significant institutional investment flowing into Bitcoin spot ETFs, indicating a strong market sentiment.
Dorsey's prediction and the recent performance of Bitcoin, along with the introduction of spot ETFs attracting institutional investors, suggest a positive short-term impact on Bitcoin's price. The endorsement by high-profile industry figures can further boost investor confidence, potentially leading to an increase in Bitcoin's price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100