๐ Adam Back: Bitcoin Is Undervalued at $103K โ Eyes $1M This Cycle ๐ฐ
#bitcoin pioneer and Blockstream CEO Adam Back believes $BTC is still in its early innings this cycle. ๐
๐ง Back, inventor of Hashcash (Bitcoinโs mining blueprint), says BTC at $103,300 is โstrangely lowโ given major bullish catalysts:
๐ $41B+ in net inflows from spot Bitcoin ETFs
๐บ๐ธ Pro-crypto stance under President Trump
๐ธ Historic trend: Investors chase momentum after ATHs
๐ฎ His bold prediction? $500K to $1M per BTC this cycle as buying accelerates beyond new highs.
โThere's no clear logical reason for BTC to still be this low,โ Back says. The rocket may just be refueling. โฝ
