The CEO and co-founder of Blockstream, Adam Back, believes that the price of Bitcoin is very low considering all the money entering the market right now.$BTC
Still, he told Decrypt that the largest cryptocurrency still has a lot of room to grow.
This cycle could lead BTC to reach $500,000 to $1 million, he said.#BinanceAlphaAlert
The price of Bitcoin is strangely low right now and could rise to $500,000 or even $1 million per coin in this four-year cycle, said Adam Back.
In an interview with Decrypt, the famous computer scientist and CEO of Blockstream said that, given all the institutional money flowing into the space, the price of the largest and oldest cryptocurrency should be higher.
Bitcoin was recently trading at $103,300 per coin — with no fluctuation in the last day, but up more than 7% in the last week, according to cryptocurrency market data provider CoinGecko. The drop was only 5% from the all-time high of $109,000, despite the decline at the end of winter and the beginning of spring.
