Blockstream CEO: Bitcoin could rise to $500,000 to $1 million in this cycle

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PANews
05-15
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PANews news on May 15th, according to Decrypt, Blockstream CEO Adam Back stated that considering the continuous institutional fund inflow and improved 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 US Bitcoin spot ETF has attracted over $41 billion in net inflows, coupled with the Trump administration's crypto-friendly policies, making the market fundamentals significantly better than in previous years.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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