Blockstream CEO: Bitcoin may rise to between 500,000 and 1,000,000 USD in this cycle.

Odaily News Blockchain company Blockstream CEO Adam Back stated that considering the continuous inflow of institutional funds and the improvement of the policy environment, Bitcoin’s current price of $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, combined with the Trump administration’s crypto-friendly policies, the market fundamentals are significantly better than in previous years. (Decrypt)

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