Jack Dorsey, the chief executive officer (CEO) of financial technology firm Block (SQ) says that Bitcoin’s (BTC) price is likely to reach $1 million U.S. by 2030.
When asked about a price prediction for Bitcoin during a recent media interview, Dorsey said: “I don’t know. Over at least a million. I do think it hits that number and goes beyond.”
Dorsey’s bullish call comes with Bitcoin’s price currently at $62,750 U.S., having gained 42% so far in 2024.
Dorsey isn’t the only crypto enthusiast to predict a $1 million U.S. price for Bitcoin. Ark Invest CEO Cathie Wood has predicted the digital token’s price will reach $1.5 million U.S. by 2030.
Dorsey, who also founded social media platform Twitter, has become a notorious Bitcoin bull in recent years.
He renamed and rebranded fintech company Square as Block to reflect the company’s growing focus on blockchain technologies.
Block has invested heavily in Bitcoin and currently owns more than 8,000 of the tokens valued at more than $4.50 billion U.S.
Block’s share price has risen 25% over the past 12 months and now trades at $71.31 U.S. per share.
