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Should I listen to him? According to what he says, Bitcoin is still at a cabbage price!
Blockstream CEO: Bitcoin may rise to $500,000 to $1,000,000 in this cycle.
Blockstream CEO Adam Back stated that considering the continuous influx of institutional funds and the improvement of the 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, coupled with the Trump administration's crypto-friendly policies, the market fundamentals are significantly better than in previous years.