Jack Dorsey on Bitcoin's Path to One Million: An Investment Thesis Based on an Ecosystem Approach

Twitter founder and blockchain project investor Jack Dorsey believes that Bitcoin could surpass the $1 million mark by the end of 2030. According to Dorsey, expressed in an interview with The Wall Street Journal, the digital currency’s value will not just reach this figure but will exceed it. This optimism is based not on speculative calculations but on a deep analysis of Bitcoin’s ecosystem development.

Ecosystem Development Theory as a Foundation for Growth

Dorsey emphasizes not short-term price fluctuations but the long-term dynamics of infrastructure development. In his view, Bitcoin’s main advantage is that every participant in the ecosystem, working to improve the protocol or investing in network development, simultaneously strengthens the entire system. This positive feedback loop between infrastructure improvement and asset value growth creates sustainable conditions for long-term revaluation.

“The most remarkable thing about Bitcoin is that system improvements benefit the entire community, inevitably leading to increased value,” Dorsey explained. This approach differs from speculative forecasts and relies on fundamental factors of technological development.

Industry Leaders’ Consensus: When Optimism Becomes Systemic

Dorsey’s opinion on the potential price growth is not an isolated voice in the industry. Katie Wood, founder and CEO of investment firm Ark Invest, has expressed an even more ambitious forecast — she estimates Bitcoin could reach $1.5 million within the same timeframe. This convergence of views among industry authorities indicates a broader consensus on the long-term potential of digital assets.

However, despite optimistic predictions, Bitcoin’s current price — around $68,230 as of February 2026 — remains significantly below the predicted levels, requiring approximately 14-20 times growth in the remaining years of the period.

Dorsey’s Career Evolution: From Social Media to Blockchain

Dorsey’s stance on blockchain technology reflects his evolution as an entrepreneur and investor. After stepping down as Twitter’s CEO in 2021, Dorsey shifted his focus to digital assets and decentralized solutions.

In 2019, he sponsored the startup BlueSky, a social media platform positioned as a decentralized alternative to centralized solutions. Later, Dorsey distanced himself from BlueSky, focusing on the Nostr protocol — an even more radical approach to building decentralized infrastructure.

The company Square, founded by Dorsey in 2009, was renamed Block in 2021, symbolizing a strategic shift toward blockchain solutions and crypto tools. These steps demonstrate Dorsey’s consistent move toward decentralization and distributed ledger technologies.

Current Market Conditions: Altcoin Growth and Main Trend Fluctuations

Today’s market dynamics show an interesting pattern. Bitcoin briefly approached the psychological $70,000 level but then retreated to $68,300, failing to establish above the key resistance level. Meanwhile, alternative assets — Ethereum, Solana, Cardano, and Dogecoin — demonstrated significantly stronger growth, indicating increased investor appetite for risky assets.

This capital distribution between the main asset and alternatives suggests a gradual recovery of interest in portfolio diversification within the crypto segment.

Risk Factors and Medium-Term Uncertainty

Despite the optimistic forecasts from industry leaders, analysts highlight several serious risks. Macroeconomic instability, stagnation in stablecoin supply, and the possibility of cascading liquidations if Bitcoin falls below $60,000 create uncertain conditions. These factors could disrupt the long-term upward trend predicted by Dorsey and his allies.

Jack Dorsey’s forecast for 2030 remains one of the most discussed in the industry, but its realization depends both on the development of Bitcoin’s ecosystem and macroeconomic conditions, which remain dynamic and unpredictable.