Block co-founder and former Twitter CEO Jack Dorsey believes Bitcoin’s total market value will surpass $20 trillion by 2030, pushing its price to at least $1 million.

In an interview with Pirate Wires’ founder Mike Solana on May 9, 2024, Dorsey was asked for his Bitcoin price prediction for the decade’s end. “At least a million,” he said, adding that it could go even higher.

Dorsey’s bullish outlook hinges on the Bitcoin community’s continuous development and investment in the asset.

“The entire ecosystem is getting better,” he said, noting the impact of growing adoption.

Bitcoin currently has over 19.6 million coins in circulation. If the price reaches $1 million, the total market cap would exceed $20 trillion — more than 15 times its current valuation.

How realistic is Bitcoin at $1 million?

While Bitcoin has seen massive gains reaching all-time highs of $107,000 in 2025, but reaching $1 million in five years would require an extraordinary rally. At the time of writing, Bitcoin is hovering around $83,000. That means the asset would need to surge over 1,100% to hit Dorsey’s target.

Some analysts share Dorsey’s optimism. In January, Ark Invest’s Cathie Wood predicted that the introduction of U.S. spot Bitcoin ETFs could push the price to $1.5 million by 2030.

On Sept. 20, 2024, Michael Saylor, co-founder of Strategy (formerly MicroStrategy), predicted that Bitcoin is on an unstoppable path to replace gold, forecasting a near-term price of $500,000 and a long-term target of $5 million per coin.