BTC Price Prediction 2030: Dorsey and Wood See Six-Figure Rally Ahead

Industry luminaries continue to paint an optimistic long-term picture for Bitcoin, with prominent figures projecting substantial gains over the next four years. As BTC trades near $68.31K with a 4.46% 24-hour gain, these bold 2030 predictions warrant closer examination.

Why Industry Leaders Predict Over $1 Million for BTC by 2030

Dorsey, the former Twitter CEO and current founder of multiple blockchain initiatives, has publicly articulated his conviction that BTC could surpass $1 million by 2030. During a recent interview with Pirate Wires, when pressed on specific price targets, Dorsey stated unequivocally, “I do think it hits that number and goes beyond.” His outlook doesn’t exist in isolation—other institutional players have voiced similarly bullish sentiments, with Cathie Wood from Ark Invest pushing even further, projecting BTC could reach $1.5 million within the same timeframe.

While the price trajectory captures headlines, Dorsey emphasizes that valuation represents just one dimension of Bitcoin’s appeal. The ecosystem development itself—the collective effort of developers, users, and contributors improving the network—inherently strengthens the asset’s fundamentals and supports upward price movement.

The Ecosystem Effect: How Bitcoin Development Drives Valuation

Dorsey’s thesis centers on a compelling feedback loop: every participant who contributes to Bitcoin’s technical or community infrastructure simultaneously enhances the entire ecosystem, which naturally translates to improved token economics. This perspective extends beyond pure speculation into structural narrative building.

Dorsey’s journey through various blockchain ventures reinforces this worldview. After stepping down from Twitter in 2021, he launched Block (formerly Square) as a dedicated blockchain and fintech platform. His subsequent involvement with BlueSky and later Nostr demonstrates a consistent commitment to decentralized infrastructure development—moves that align with broader acceptance of cryptocurrency’s institutional legitimacy.

Current Market Momentum and Path to Six-Figure Bitcoin

The technical landscape presents interesting dynamics. Recent sessions have witnessed BTC rebounding sharply to near $69,000 levels, triggering cascading effects across altcoins including ETH, SOL, DOGE, and ADA. However, market observers like Joel Kruger from LMAX Group caution that this rebound appears driven primarily by technical positioning and short-covering rather than fundamental catalysts, warranting vigilance regarding sustainability.

Nevertheless, some market participants view the momentum constructively. Traders are rotating into higher-volatility altcoins and derivatives products, suggesting renewed appetite for risk assets. For BTC to signal a stronger structural uptrend toward the multi-million-dollar targets proposed by Dorsey and Wood, sustained breaks through critical resistance zones around $72,000 and $78,000 remain essential technical prerequisites during this bull cycle.