This Top Cryptocurrency Could Reach $1 Million by 2030, According to Jack Dorsey

A growing number of crypto investors now think that Bitcoin (CRYPTO: BTC) could hit a price of $1 million within the next few years. In addition to Cathie Wood of Ark Invest, who famously predicted a $1 million price in 2022, there's now Jack Dorsey, co-founder and former CEO of Twitter. In a recent interview, Dorsey suggested that Bitcoin is going to "at least a million" by 2030.

What makes this forecast so interesting is that it's not coming from a Wall Street investment firm. Instead, it's coming from the perspective of a technologist with an intimate knowledge of how Bitcoin works, and not just how it trades. So if Jack Dorsey is bullish on Bitcoin, should you be too?

There are two classic ways that investors think about Bitcoin. The first approach is to think about Bitcoin as a commodity. From this perspective, Bitcoin is "digital gold" and a store of value, and should be hoarded much like physical gold. The second approach is to think about Bitcoin as a digital currency. From this perspective, Bitcoin functions primarily as a payment mechanism and means of exchange.

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Source Fool.com