- Dorsey expects $1 million by 2030, but Schiff warns of downward pressure ahead.
- Market sentiment suggests short-term upside amid price uncertainty.
The highly anticipated future of Bitcoin [BTC] Major cryptocurrencies appear to be on a downward trend due to the halving event.
After experiencing a significant drop of 4.20% in the past 24 hours, BTC was trading at $60,708 as of the latest update.
Executives are optimistic about Bitcoin
Amid this decline in performance, Jack Dorsey, former CEO of Twitter and prominent figure in the world of technology and cryptocurrencies, predicted that BTC would reach $1 million by 2030.
In a new interview with Pirate Wire, Dorsey said:
“The most surprising thing about Bitcoin, aside from how it was created, is that there are many people who are working on it, people who are getting paid with it, people who are buying it themselves, and people who are trying to make it better. Everyone who is putting in the effort is improving the entire ecosystem, so prices go up.”
Dorsey's remarks highlight how the collaborative and open nature of the Bitcoin community can bring far-reaching benefits as individuals strive to improve and actively engage with the network. I emphasized.
In fact, Dorsey isn't the only one who sees this period as a great buying opportunity. Raya Heilpernadded host of The Raya Heilpern Show,
Source: Raya Heilpern/X
Bitcoin market sentiment
Analysis of BTC market sentiment by AMBCrypto showed a bearish trend on the daily chart, but suggested a short-term rally towards the $65,000 mark.
Source: TradingView
Amid this optimism, one of Bitcoin's biggest critics says: peter schiff I got it,
“ETF outflows will soon put significant downward pressure on #Bitcoin as demand from new buyers wanes.”
Therefore, as BTC forms a familiar re-accumulation range around its previous highs, we recommend keeping an eye on whose perspective is dominant.
Source: Rekt Capital/X
