{"id":607568,"date":"2024-05-11T16:00:53","date_gmt":"2024-05-11T16:00:53","guid":{"rendered":"https:\/\/uniquehot.com\/?p=607568"},"modified":"2024-06-11T06:54:22","modified_gmt":"2024-06-11T06:54:22","slug":"bitcoin-will-reach-1-million","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-will-reach-1-million\/","title":{"rendered":"Ex-Twitter CEO Jack Dorsey Says Bitcoin Will Reach $1 Million, Here\u2019s When"},"content":{"rendered":"<p><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/dorsey-plans-to-build-bitcoin-dex\/\"><span style=\"font-weight: 400\">Jack Dorsey<\/span><\/a><span style=\"font-weight: 400\">, the former CEO of X (formerly Twitter) has predicted when <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-to-reach-1-million\/#:~:text=Bitcoin's%20Rise%20To%20%241%20Million%20To%20Happen%20%E2%80%9CIn%20Days%20To%20Weeks%E2%80%9D&amp;text=The%20analyst's%20bullish%20prediction%20for,traders%20to%20experience%20maximum%20loss.\"><span style=\"font-weight: 400\">Bitcoin will reach $1 million<\/span><\/a><span style=\"font-weight: 400\">. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto.\u00a0<\/span><\/p>\n<h2>When Bitcoin Will Hit $1 Million<\/h2>\n<p><span style=\"font-weight: 400\">In an <\/span><a href=\"https:\/\/www.piratewires.com\/p\/interview-with-jack-dorsey-mike-solana\" rel=\"nofollow\"><span style=\"font-weight: 400\">interview<\/span><\/a><span style=\"font-weight: 400\"> with Pirate Wires, Dorsey mentioned that BTC could hit $1 million in 2030 and beyond. In addition to predicting Bitcoin\u2019s future trajectory, Dorsey took time to appreciate the Bitcoin ecosystem. He remarked that besides its history, \u201cthe most amazing thing about Bitcoin\u201d is how those who work on it, earn from it or invest in it all contribute to making the ecosystem, which in turn causes Bitcoin\u2019s price to go up.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-foundation-1000-eth\/\">Ethereum Foundation Moves 1,000 ETH \u2013 Is The Top In?<\/a><\/div>\n<p><a href=\"https:\/\/bitcoinist.com\/jack-dorsey-block-federal-probe-crypto-transactions\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Dorsey<\/span><\/a><span style=\"font-weight: 400\"> further claimed that Bitcoin is a \u201cfascinating ecosystem and movement\u201d and that he has learned a lot from it. Based on his assertion, the tech entrepreneur is undoubtedly one of those contributing to the growth of the Bitcoin ecosystem. Dorsey and his digital payments company, Block, already hold over 8,000 BTC.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">His company also <\/span><a href=\"https:\/\/bitcoinist.com\/dorsey-block-10-bitcoin-profits-into-monthly-buys\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">recently announced<\/span><\/a><span style=\"font-weight: 400\"> plans to begin investing 10% of its monthly Bitcoin-related gross profits in buying more BTC. This investment plan could lead to the company investing as much as $24 million in BTC one year from now. It is also worth mentioning that Dorsey has been actively looking to build in the Bitcoin ecosystem.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">It was <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/dorsey-plans-to-build-bitcoin-dex\/\"><span style=\"font-weight: 400\">previously reported<\/span><\/a><span style=\"font-weight: 400\"> that the former Twitter CEO was planning on building a decentralized exchange (DEX) for Bitcoin. More recently, Dorsey\u2019s Block <\/span><a href=\"https:\/\/www.mining.build\/latest-updates-3nm-system\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> that they had completed a BTC mining system they had been working on since April 2023.\u00a0<\/span><\/p>\n<h2>BTC Hitting $1 Million Could Be This Year<span style=\"font-weight: 400\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The CEO of Jan3 and Bitcoiner <\/span><a href=\"https:\/\/bitcoinist.com\/expert-forecasts-bitcoin-swift-rise-to-1-million\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Samson Mow<\/span><\/a><span style=\"font-weight: 400\"> shares a contrary opinion with Dorsey. He <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-reach-1-million\/\"><span style=\"font-weight: 400\">predicted<\/span><\/a><span style=\"font-weight: 400\"> before now that Bitcoin could reach $1 million before the end of this year. Mow alluded to the increasing demand for Bitcoin as why he holds such a belief. The crypto founder suggested that this prediction would likely be attained next year if it didn\u2019t happen this year.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/cardano\/10-price-cardano-volume-90\/\">Crypto Analyst Sets $10 Price Target For Cardano As Volume Jumps 90%<\/a><\/div>\n<p><a href=\"https:\/\/bitcoinist.com\/bitcoin-breaks-70000-barrier-investors-speculate-on-100000-target-for-2024\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto analyst PlanB<\/span><\/a><span style=\"font-weight: 400\"> also believes that next year is a more feasible timeline for BTC to reach this price level. He stated that $1 million could be the market top for BTC in this bull run based on the Bitcoin stock-to-flow (STF) indicator, which hinted at $500,000 being the average price for BTC in this market cycle.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Other crypto analysts have given more conservative price predictions for this bull run. CryptoQuant\u2019s CEO Ki Young Ju <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-headed-265000\/\"><span style=\"font-weight: 400\">recently predicted<\/span><\/a><span style=\"font-weight: 400\"> that BTC could hit $265,000. Meanwhile, Anthony Scaramucci, the founder of SkyBridge Capital, <\/span><a href=\"https:\/\/bitcoinist.com\/ex-white-house-official-says-bitcoin-could-reach-170000-post-halving\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">predicted<\/span><\/a><span style=\"font-weight: 400\"> that BTC could peak at $170,000 in this market cycle.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, Bitcoin is trading at around $60,800, down over 3% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/UZiFQMtM\/\" alt=\"Bitcoin price chart from Tradingview.com (Jack Dorsey)\" width=\"3286\" height=\"1576\"><\/p>\n<pre style=\"text-align: center\">BTC price maintains support above $60,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Bitcoin News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto.\u00a0 When Bitcoin Will Hit $1 Million In an interview with Pirate Wires, Dorsey mentioned that BTC could hit $1 million in 2030 and beyond. In addition to predicting Bitcoin\u2019s future trajectory, Dorsey took time to appreciate the Bitcoin ecosystem. He remarked that besides its history, \u201cthe most amazing thing about Bitcoin\u201d is how those who work on it, earn from it or invest in it all contribute to making the ecosystem, which in turn causes Bitcoin\u2019s price to go up.\u00a0 Related Reading: Ethereum Foundation Moves 1,000 ETH \u2013 Is The Top In? Dorsey further claimed that Bitcoin is a \u201cfascinating ecosystem and movement\u201d and that he has learned a lot from it. Based on his assertion, the tech entrepreneur is undoubtedly one of those contributing to the growth of the Bitcoin ecosystem. Dorsey and his digital payments company, Block, already hold over 8,000 BTC.\u00a0 His company also recently announced plans to begin investing 10% of its monthly Bitcoin-related gross profits in buying more BTC. This investment plan could lead to the company investing as much as $24 million in BTC one year from now. It is also worth mentioning that Dorsey has been actively looking to build in the Bitcoin ecosystem.\u00a0 It was previously reported that the former Twitter CEO was planning on building a decentralized exchange (DEX) for Bitcoin. More recently, Dorsey\u2019s Block announced that they had completed a BTC mining system they had been working on since April 2023.\u00a0 BTC Hitting $1 Million Could Be This Year\u00a0 The CEO of Jan3 and Bitcoiner Samson Mow shares a contrary opinion with Dorsey. He predicted before now that Bitcoin could reach $1 million before the end of this year. Mow alluded to the increasing demand for Bitcoin as why he holds such a belief. The crypto founder suggested that this prediction would likely be attained next year if it didn\u2019t happen this year. Related Reading: Crypto Analyst Sets $10 Price Target For Cardano As Volume Jumps 90% Crypto analyst PlanB also believes that next year is a more feasible timeline for BTC to reach this price level. He stated that $1 million could be the market top for BTC in this bull run based on the Bitcoin stock-to-flow (STF) indicator, which hinted at $500,000 being the average price for BTC in this market cycle.\u00a0 Other crypto analysts have given more conservative price predictions for this bull run. CryptoQuant\u2019s CEO Ki Young Ju recently predicted that BTC could hit $265,000. Meanwhile, Anthony Scaramucci, the founder of SkyBridge Capital, predicted that BTC could peak at $170,000 in this market cycle.\u00a0 At the time of writing, Bitcoin is trading at around $60,800, down over 3% in the last 24 hours, according to data from CoinMarketCap. BTC price maintains support above $60,000 | Source: BTCUSD on Tradingview.com Featured image from Bitcoin News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":607574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790,13179],"class_list":["post-607568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-jack-dorsey"],"acf":[],"yoast_head":"\n<title>Ex-Twitter CEO Jack Dorsey Says Bitcoin Will Reach $1 Million, Here\u2019s When<\/title>\n<meta name=\"description\" content=\"Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million, 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