Billionaire and tech entrepreneur Jack Dorsey expects big things from Bitcoin (BTC) in the next six years.
In a new interview with tech-focused news site Pirate Wires, the Twitter co-founder predicts that the top crypto asset will skyrocket to “at least” $1 million by 2030.
“I do think it hits that number and goes beyond. But I think the price is only interesting… 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. It’s a fascinating ecosystem and movement, more than anything else. It taught me a lot.”
Earlier this month, Dorsey’s fintech conglomerate Block announced it is investing 10% of its gross profit from Bitcoin products directly into BTC itself.
At the end of March and before the new Bitcoin purchase program was initiated, Block had 8,038 BTC on its balance sheet, according to a document shared by the firm. The Bitcoin trove represented approximately 9% of the company’s total cash, cash equivalents and marketable securities.
BTC is trading at $60,529 at time of writing and is down more than 3.5% in the past 24 hours.
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