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Prominent figures like Jack Dorsey—co-founder of Block (formerly Square)—are staunch believers in Bitcoin’s long-term potential, projecting prices exceeding $1 million by 2030. His optimism aligns with other industry leaders, including Kathy Wood, who foresees Bitcoin reaching $2.8 million, with a minimum of $1.5 million. While these figures sound sensational, they hinge critically on Bitcoin’s scarcity and supply-demand dynamics.
However, experts caution that future valuations must consider inflation and governmental monetary expansion, estimating that $1 million in 2030 might equate to roughly $450,000–$550,000 today. Despite that, Bitcoin’s scarcity—capped at 21 million—is a core reason many advocate for its role as digital gold and a hedge against inflation.