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Blockstream CEO Adam Back Says Bitcoin at $103K, Predicts Surge to $500K–$1M Driven by ETF Inflows and Institutional Momentum
By: defi news|2025/05/16 07:30:07
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Home News Markets Blockstream CEO Adam Back Says Bitcoin at $103K, Predicts Surge to $500K–$1M Driven by ETF Inflows and Institutional Momentum Adam Back, CEO of Blockstream and a prominent figure in the cryptocurrency community, has stated that Bitcoin's current price of $103,000 is "strangely low." He predicts that Bitcoin could surge to between $500,000 and $1 million during this market cycle. Back attributes this potential increase to factors such as inflows from exchange-traded funds (ETFs) and growing institutional momentum. His forecast suggests a rapid rise once Bitcoin hits a new all-time high. This bullish outlook contrasts with some other market predictions, such as one estimate placing the peak at $420,000 for this cycle. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . Our articles are stored on Filecoin. Related Posts MoonPay Partners with Mastercard on USDT Stablecoin Card Acurast Launches Community Token Sale on CoinList Crypto Market Dips as Fed Remarks Spark Volatility Advertisement Get an edge in Crypto with our free daily newsletter Know what matters in Crypto and Web3 with The Defiant Daily newsletter, Mon to Fri 90k+ Defiers informed every day. Unsubscribe anytime.
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