Billionaire and technology entrepreneur Jack Dorsey expects big things to come from Bitcoin (BTC) over the next six years.
In a new interview with tech-centric news site Pirate Wires, the Twitter co-founder predicted that the top crypto asset will soar to “at least” $1 million by 2030.
“I think it’s hit that number and exceeded it. But I think the only thing that’s interesting is the price… The most surprising thing about Bitcoin, aside from its founding story, is that the people working on it and The better – the whole ecosystem gets better, and the price goes up. It's a fascinating ecosystem and movement above all. It taught me a lot.”
Earlier this month, Dorsey's fintech conglomerate Block announced it would invest 10% of gross profits from Bitcoin products directly into BTC itself.
According to documents shared by the company, Block had 8,038 BTC on its balance sheet at the end of March and before the new Bitcoin purchase program was launched. The Bitcoin trove represented about 9% of the company's total cash, cash equivalents, and securities.
BTC is trading at $60,529 at the time of writing, down more than 3.5% in the past 24 hours.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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