Blockstream CEO Adam Back Says Bitcoin at $103K, Predicts Surge to $500K–$1M Driven by ETF Inflows and Institutional Momentum

Blockstream CEO Adam Back Says Bitcoin at 3K, Predicts Surge to 0K–M Driven by ETF Inflows and Institutional Momentum


Adam Back, CEO of Blockstream and a prominent figure in the cryptocurrency community, has stated that Bitcoin’s current price of $103,000 is “strangely low

Adam Back, CEO of Blockstream and a prominent figure in the cryptocurrency community, has stated that Bitcoin’s current price of $103,000 is “strangely low.” He predicts that Bitcoin could surge to between $500,000 and $1 million during this market cycle. Back attributes this potential increase to factors such as inflows from exchange-traded funds (ETFs) and growing institutional momentum. His forecast suggests a rapid rise once Bitcoin hits a new all-time high. This bullish outlook contrasts with some other market predictions, such as one estimate placing the peak at $420,000 for this cycle.

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