#BTC #square #TwitterX #BitcoinFutures
“I do think it hits that number and goes beyond,” said the Twitter co-founder on his million-dollar Bitcoin prediction.
Twitter co-founder Jack Dorsey says the price of Bitcoin could reach a price of at least $1 million by the year 2030, adding that its value could grow even further from that point onward.
Speaking in a May 9 interview with journalist Mike Solana on Pirate Wires, Dorsey offered a bullish outlook for the long-term price action of Bitcoin

tickers down
$62,901
, as well as providing further context behind his abrupt departure from the board of BlueSky — a decentralized Twitter alternative he helped launch in 2019.
Dorsey told Solana he believes Bitcoin’s price could reach “at least a million” by 2030, adding that it most likely “hits that number and goes beyond.”
Dorsey — now the head of the financial services firm Block — noted that Bitcoin’s price isn’t actually the most interesting aspect of Bitcoin and instead pointed to the collaborative nature of the ecosystem and the way it incentivizes collective efforts to enhance the network.
“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.”
“It’s a fascinating ecosystem and movement, more than anything else,” he said before adding, “It taught me a lot.”
Dorsey raised eyebrows on May 6 when it was confirmed he would be departing the board of Bluesky, a decentralized social network he helped start as an alternative to Twitter.
He said that Bluesky was “literally repeating all the mistakes [Twitter] made,” adding that it is not a protocol that could be deemed truly decentralized. “It’s another app,” he said.

Dorsey originally envisioned Bluesky as an open-source protocol that Twitter and other social media platforms could build on top of, separating the protocol layer from the application layer to reduce censorship risks.

However, he said the firm started behaving more like a traditional company that began pushing for moderation tools.

“Everything we wanted around decentralization, everything we wanted in terms of an open-source protocol, suddenly became a company with VCs and a board. That’s not what I wanted; that’s not what I intended to help create.”
Dorsey, who has since deleted his Bluesky account, said the platform Nostr — an anonymous, open protocol with no company or centralized control — aligned more with his goals of censorship resistance.
In a note to shareholders on May 2, Dorsey said that his fintech firm Block will flip 10% of its gross profit from Bitcoin-related products back into buying more BTC every month.
On May 1, it was reported that United States federal prosecutors were probing Block after documents alleged compliance violations at the firm’s payment divisions, Square and Cash App.

Dogecoin investors are feeling uneasy as Elon Musk faces another round of testimony. Following news that Musk, leader of the X platform, must testify again in a regulatory investigation related to his purchase of Twitter.
Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com

Dogecoin’s value has taken a significant hit, dropping by 4.5%. This situation introduces uncertainty for Dogecoin, a cryptocurrency known for being influenced by Musk’s social media posts.

Dogecoin Faces Technical Challenges Amid Regulatory Concerns
Dogecoin has encountered resistance at the 50-day Exponential Moving Average (EMA), signaling a struggle for bulls to push the price higher. This level currently acts as a barrier for potential upward movements. Additionally, trading volume has been on a declining trend, indicating reduced interest or a consolidation phase, which could lead to further price fluctuations.

DOGE/USDT Chart by TradingView
Technical analysis highlights the 200-day EMA as the next critical support level for Dogecoin. If the price descends to this level, strong buying interest may emerge, potentially halting the decline and stabilizing the price.
Investor Concerns and Regulatory Implications
Investors are primarily concerned about the potential legal consequences of Elon Musk’s testimony. If Dogecoin is deemed a security during the proceedings, it could face stringent regulations, impacting its market performance and investor sentiment.
If Dogecoin maintains its position above the 200-day EMA and mitigates negative sentiment from Musk’s legal situation, it could experience a rebound. However, failing to hold the 200-day EMA support may lead to further declines toward lower support levels around $0.065.
Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com

This situation underscores the significant influence of regulatory scrutiny on crypto assets, particularly those like Dogecoin, which have gained prominence partly through celebrity endorsements.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Musk #TwitterX #Bitcoin #Altcoin #Cryptocurrency