When Will Bitcoin Reach $1 Million?
Former Twitter CEO Jack Dorsey believes Bitcoin could hit $1 million by 2030 or later. He praises the Bitcoin ecosystem for its contributions to the cryptocurrency’s value.
Dorsey’s Investment in Bitcoin
Dorsey and his company, Block, own over 8,000 BTC and plan to invest 10% of their Bitcoin-related profits in more BTC. He is also actively involved in building in the Bitcoin ecosystem, including developing a decentralized exchange and a BTC mining system.
Other Predictions
Samson Mow, CEO of Jan3, predicts Bitcoin could reach $1 million before the end of this year due to increasing demand. Crypto analyst PlanB suggests $1 million is a possible market top for BTC in the current bull run, based on the Bitcoin stock-to-flow indicator.
Conservative Predictions
Other analysts offer more conservative predictions. CryptoQuant’s CEO predicts Bitcoin could reach $265,000, while Anthony Scaramucci predicts a peak of $170,000 in this market cycle.
Current Bitcoin Price
As of writing, Bitcoin is trading around $60,800, down over 3% in the last 24 hours.
