His outlook aligns with that of other industry leaders, such as Cathie Wood, who predicted that bitcoin could go as high as $1.5 million by that time., Dorsey said, “I don’t know. Over… at least a million. I do think it hits that number and goes beyond.”
While the price of the cryptocurrency is interesting, he said, it’s the ecosystem and movement that fascinates Dorsey. “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,” he said.
While $1 million seems like a stretch from bitcoin’s current price of $60,886, other big names in the industry have voiced similar outlooks. Ark Invest founder and CEO Cathie Wood has even taken it a step further, predicting the token Ever since stepping down as Twitter CEO in 2021, Dorsey has become an advocate for the industry, leading and endorsing several projects over the years. In 2019, he became a backer of social media startup BlueSky, which he recentlyin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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