Hoarded Bitcoin Btc
Blockstream CEO Adam Back stated that, considering the continuous inflow of institutional funds and the improved policy environment, the current price of Bitcoin at $103,000 is significantly undervalued.
He believes that during this cycle, Bitcoin could rise to between $500,000 and $1,000,000. Back pointed out that the U.S. Bitcoin spot ETF has attracted over $41 billion in net inflows, combined with the pro-crypto policies of the Trump administration, the market fundamentals are significantly better than in previous years.
