{"id":13391,"date":"2024-05-10T10:30:00","date_gmt":"2024-05-10T07:30:00","guid":{"rendered":"https:\/\/forklog.com\/en\/jack-dorsey-predicts-bitcoin-to-surpass-1-million-by-2030\/"},"modified":"2024-05-10T10:30:00","modified_gmt":"2024-05-10T07:30:00","slug":"jack-dorsey-predicts-bitcoin-to-surpass-1-million-by-2030","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jack-dorsey-predicts-bitcoin-to-surpass-1-million-by-2030\/","title":{"rendered":"Jack Dorsey Predicts Bitcoin to Surpass $1 Million by 2030"},"content":{"rendered":"<p>By 2030, the leading cryptocurrency is expected to reach and exceed $1 million, according to Jack Dorsey, co-founder of Twitter (now X) and head of Block.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">jack is one of the most enigmatic men in business today: relentlessly blamed for social media censorship, but one of the most committed anti-authoritarians building in tech. in a rare, far-reaching interview, he shares his perspective on the last ten years. proud of this one ?\u200d\u2620\ufe0f <a href=\"https:\/\/t.co\/sTPrkpmxBF\">pic.twitter.com\/sTPrkpmxBF<\/a><\/p>\n<p>\u2014 Mike Solana (@micsolana) <a href=\"https:\/\/twitter.com\/micsolana\/status\/1788665945910555116?ref_src=twsrc%5Etfw\">May 9, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The entrepreneur highlighted that a more intriguing aspect of digital gold is the nature of its ecosystem and how it encourages collective efforts to improve the network.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBeyond its founding story, the most amazing thing about bitcoin <\/em>\u2014 <em>is that everyone [\u2026] who makes any effort to improve it, enhances the entire ecosystem, which drives the price up. It&#8217;s an incredible movement. [\u2026] It has taught me a lot,\u201d<\/em> he explained.<\/p>\n<\/blockquote>\n<p>Dorsey explained his departure from the board of Bluesky in May, realizing that the project was repeating all of Twitter&#8217;s (X) mistakes and could not be considered truly decentralized.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cIt&#8217;s just another app,\u201d<\/em> he noted.<\/p>\n<\/blockquote>\n<p>Bluesky was conceived as an open-source protocol for social media platforms to build upon, aiming to reduce censorship risks. According to Dorsey, the project instead began to behave more like a traditional company, insisting on creating moderation tools.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cEverything we wanted from decentralization, everything we wanted from an open-source protocol, suddenly turned into a company with venture funds and a board of directors. This is not what I wanted; this is not what I set out to help create,\u201d<\/em> he explained.<\/p>\n<\/blockquote>\n<p>In May, Block began using 10% of its monthly gross profit related to bitcoin to purchase additional coins. This practice will continue until the end of 2024.<\/p>\n<p>Earlier, it was reported that the U.S. Federal Prosecutor&#8217;s Office is examining the financial operations of the company&#8217;s cryptocurrency divisions for compliance with regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By 2030, the leading cryptocurrency is expected to reach and exceed $1 million, according to Jack Dorsey, co-founder of Twitter (now X) and head of Block. jack is one of the most enigmatic men in business today: relentlessly blamed for social media censorship, but one of the most committed anti-authoritarians building in tech. in a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1370,1146,1330],"class_list":["post-13391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bluesky","tag-cryptocurrency-market-forecasts","tag-jack-dorsey"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=13391"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/13390"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=13391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=13391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=13391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}