Jack Dorsey, the founder of Bluesky, predicts Bitcoin will be worth $1 Million by 2030 and would continue to grow from there.







In an interview with Mike Solana at Pirate Wires, Jack Dorsey expressed his predictions for the future performance of Bitcoin (BTC) . According to him, BTC can hit $1 Million by 2030 and grow with time.



Why Is Jack Dorsey So Sure About Bitcoin Growth?



Jack Dorsey, the co-founder of X and founder of Bluesky is in the limeligh after his silent exit from Bluesky, a decentralized text-based social media platform.



In an interview with Mike Solana on May 9, Dorsey commented on BTC’s price growth, predicted to hit over $1 Million by 2030 and keep growing. He emphasized the collaborative nature of the Bitcoin ecosystem and its influence on BTC volatility.



“The most amazing thing about Bitcoin , apart from the founding story, is anyone who works on it, or gets paid in it”, he added. A single effort by individuals is improving the Bitcoin Ecosystem and contributing to making the price up.



Dorsey’s Silent Exit From Bluesky



Jack Dorsey has stepped down from the board of Bluesky. He has also suggested that users continue using Twitter, now under Elon Musk’s ownership and renamed X.



Dorsey disclosed his departure from Bluesky’s board on Sunday through a communication on X, showing his disassociation from the board’s activities. This revelation came as a surprise, as Bluesky’s documentation had him listed as a board member until the end of Sunday.



Jack also cleared the same by responding “No” to one of his followers on X. 



@jack you still on the bsky board? — Jack (@jglypt) May 4, 2024



The decentralized social network posted a thanksgiving note to Jack Dorsey.  



“We sincerely thank Jack for his help funding and initiating the Bluesky project,” Bluesky posted.



Bluesky was established by Dorsey in 2019 as an internal Twitter project aimed at creating an open-source framework for the platform’s potential transition. The project’s direction shifted by 2022, leading to Bluesky’s emergence as an autonomous entity.



Bitcoin’s Current Standing In The Market 



At press time, BTC was trading at $63,008.83 after a drop of 3.46% in a day with a market cap of $1,241,197,596,240 and $25,354,064,273 in volume. In the past week, BTC recorded a surge of 6.91%.



In the last month, a drastic surge was recorded in the Total Value Locked (TVL) , hitting 10.38K BTC (over $800.00 Million) on April 2 to 19.02K BTC ($1.164 Billion) on May 9. 






BTC TVL & Volume Analysis I Source: DefiLlama 



The data showcases that crypto enthusiasts are trusting and investing in BTC and also supporting Jack Dorsey ’s Bitcoin price predictions and future growth.
Ritika Sharma With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.