Twitter co-founder Jack Dorsey has boldly forecasted that the value of Bitcoin could reach $1 million by 2030. During an interview with journalist Mike Solana on Pirate Wires, Dorsey expressed his optimistic outlook on the future of cryptocurrency, suggesting that it may achieve this milestone within the next decade.

Dorsey's prediction comes as he steps down from the board of BlueSky, a decentralized Twitter alternative he helped create in 2019. His concerns about the platform moving away from true decentralization were highlighted as he departed.

Dorsey emphasized the collaborative ecosystem surrounding Bitcoin, pointing out that the network's value is enhanced by individuals working together to improve it. This perspective on Bitcoin's ecosystem emerged as Dorsey criticized the centralized direction BlueSky was taking, deviating from its original open-source protocol vision.

In addition to his positive outlook on Bitcoin's future price, Dorsey also announced that Block would be reinvesting 10% of its gross profit from Bitcoin-related products back into purchasing more BTC each month. However, this news coincides with reports of US federal prosecutors investigating Block for compliance violations within its payment divisions, Square and Cash App.

As Dorsey continues to predict Bitcoin's potential surge by 2030, regulatory scrutiny over his fintech firm persists. This highlights the challenges of operating in the crypto market, amidst both opportunities and obstacles.

Despite ongoing regulatory uncertainties, Bitcoin's price remained stable at $62,745.3 over the last 24 hours. Although concerns about further SEC actions against major crypto players and the closure of a privacy coin trading platform lingered, the cryptocurrency's ability to maintain its price signifies resilience in a turbulent regulatory environment, aligning with Jack Dorsey's optimistic forecast.