Should I listen to him? According to him, Bitcoin is still at a bargain price!
Blockstream CEO: Bitcoin could rise to $500,000 to $1 million in this cycle.
Adam Back, CEO of blockchain company Blockstream, stated that considering the continuous inflow of institutional funds and the improving policy environment, Bitcoin's current price of $103,000 is significantly undervalued. He believes that in this cycle, Bitcoin could rise to between $500,000 and $1 million. Back pointed out that the U.S. Bitcoin spot ETF has attracted over $41 billion in net inflow, combined with the crypto-friendly policies of the Trump administration, the market fundamentals are significantly better than in previous years. $BNB