In an interview with journalist Mike Solana on Pirate Wires on May 9, Twitter co-founder Jack Dorsey expressed his bullish view on Bitcoin's future price movement.
Dorsey told Solana that he believed cryptocurrencies could soar to “at least $1 million” by 2030 and that it was likely “to reach and exceed that number.” .
true value of bitcoin
Dorsey emphasized that the most attractive aspect of Bitcoin, beyond its price, is the collaborative ecosystem where individuals are encouraged to contribute to improving Bitcoin.
He emphasized that everyone who interacts with BTC strengthens the entire network through work, payments, investments, etc., thereby increasing the value of BTC.
According to him, this dynamic makes BTC more than just a financial asset. It represents a fascinating ecosystem and movement that has provided valuable lessons.
Dorsey has previously expressed a grand vision for Bitcoin's potential social impact, suggesting he believes it can contribute to “world peace” and “energy abundance.”
Jack Dorsey's Blue Sky Departure
In an interview, Dorsey, who currently heads financial services company Block, offered insight into his recent departure from the board of BlueSky, a decentralized Twitter alternative he co-founded in 2019.
Blue Sky formally acknowledged Dorsey's departure in a post on May 5, thanking him for his role in launching and funding the project, and announcing the search for a new director.
When discussing BlueSky, Dorsey expressed concerns about its direction, saying BlueSky is “literally repeating every mistake Twitter has made” and claiming it lacks true decentralization. did.
He expressed frustration with the departure from BlueSky's original vision as an open source protocol decoupled from specific applications, and emphasized the move toward traditional corporate structures and moderation tools.
Originally conceptualized as a protocol that Twitter and other social media platforms could use independently from the application layer to reduce censorship risks, BlueSky's approach to becoming more of an enterprise entity with investor backing and governance The transition was inconsistent with Mr. Dorsey's intentions.
“Everything we wanted in terms of decentralization, everything we wanted in terms of open source protocols, suddenly became a company with a VC and a board of directors. “It’s not something that I was going to help create,” he said.
Dorsey, who has since deleted his BlueSky account, said the platform Nostr, which features anonymity and open protocols without corporations or centralized authority, better resonates with his censorship-resistant principles.
