Bitcoin Price Poised to Exceed $1 Million by 2030, According to Jack Dorsey

Bitcoin’s long-term outlook continues to attract bullish sentiment from prominent industry figures. Jack Dorsey, the former Twitter CEO who now leads multiple cryptocurrency ventures, recently projected that bitcoin price will surpass $1 million before the decade’s end. His forecast underscores growing confidence in BTC’s continued appreciation as the ecosystem matures and adoption accelerates.

The $1 Million Bitcoin Price Target for 2030

In a recent interview with Pirate Wires, Dorsey outlined his expectation for bitcoin’s future valuation without hesitation. When asked specifically about bitcoin price projections, he responded: “I don’t know. Over… at least a million. I do think it hits that number and goes beyond.” This confidence extends beyond mere price speculation—Dorsey emphasizes that the ecosystem’s intrinsic value and network effects represent the true drivers of bitcoin price appreciation.

Dorsey articulated a key insight into what makes bitcoin compelling: “The most amazing thing about bitcoin, apart from the founding story, is anyone who works on it, or gets paid in it, or buys it for themselves—everyone who puts any effort in to make it better—is making the entire ecosystem better, which makes the price go up.” This perspective highlights how participant engagement fundamentally strengthens the network and supports long-term bitcoin price growth.

Industry Consensus: Comparable Bitcoin Price Predictions

Dorsey’s outlook finds considerable alignment with other major voices in the space. Cathie Wood, founder and CEO of Ark Invest, has forecasted an even more aggressive bitcoin price trajectory, predicting the cryptocurrency could reach $1.5 million by 2030. These complementary predictions suggest a meaningful convergence among institutional thought leaders regarding bitcoin’s multiyear price potential.

Jack Dorsey’s Track Record in Crypto

Dorsey’s current focus on cryptocurrency follows a clear evolution. After stepping down from Twitter’s CEO role in 2021, he has systematically championed blockchain-based initiatives. He backed the social media platform BlueSky, though he later departed from its board as his vision gravitated toward more decentralized protocols like Nostr. Additionally, Dorsey founded Square in 2009, which underwent rebranding to Block in 2021 as blockchain technology became increasingly central to his strategic interests.

Current Bitcoin Price and Market Technicals

As of late February 2026, bitcoin trades near $68,310, having recovered approximately 4.42% over the past 24 hours. The recent price action reflects a sharp short squeeze that jolted major altcoins including Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA), alongside crypto-focused equities. Analysts caution that this rebound appears driven primarily by technical factors—specifically bearish positioning and thin liquidity—rather than fundamental catalysts supporting a durable uptrend.

Market technicians point to critical resistance levels around $72,000 and $78,000. Sustained breaks above these thresholds would signal the emergence of a stronger structural uptrend. Until such confirmation materializes, observers recommend cautious positioning, as Joel Kruger from LMAX Group emphasized. Meanwhile, some institutional traders are chasing the volatility bounce, rotating capital toward altcoin options and leveraged positions, according to FalconX’s Joshua Lim.

Looking Ahead to 2030

While bitcoin’s current price of $68,310 represents substantial appreciation from historical lows, the gap to $1 million remains significant. However, when evaluated against exponential adoption curves, network maturation, and the ecosystem’s expanding utility—factors that Dorsey and Wood both highlight—such price targets reflect extrapolations grounded in fundamental growth dynamics rather than pure speculation. The convergence of major industry leaders around similar 2030 bitcoin price forecasts suggests meaningful conviction among those most directly involved in building the ecosystem.