Key Takeaways
- Jack Dorsey predicts Bitcoin will surpass $1 million by 2030.
- Block Inc. will use a dollar-cost averaging strategy for monthly Bitcoin purchases.
- Pantera Capital forecasts Bitcoin will reach $117,000 by August 2025.
Jack Dorsey, CEO of Block Inc., envisions Bitcoin’s value exceeding $1 million by 2030.
He highlights the remarkable ecosystem and growth potential, saying:
Everyone who puts any effort in to make it better is making the entire ecosystem better.
Block Inc.’s investment strategy
Starting in April 2024, Block will dedicate 10% of gross profits from Bitcoin-related products to monthly Bitcoin purchases.
This dollar-cost averaging approach is designed to minimize volatility’s impact and enhance the firm’s long-term returns.
Pantera Capital’s forecast
Pantera Capital projects a more modest increase, predicting Bitcoin to reach $117,000 by August 2025 due to the anticipated post-halving bull rally.
