Adam Back Predicts Bitcoin Will Reach $1 Million by 2028

Pioneer of the cypherpunk movement and co-founder of Blockstream, Adam Back, stated on CNBC that he personally bets Bitcoin will reach $1 million by 2028. Back pointed out that there is still about 95% of potential adoption space for Bitcoin that has yet to be unlocked, and large capital pools such as pensions and mutual funds have not yet allocated Bitcoin on a large scale. He believes that as institutional adoption continues to rise, the price floor of Bitcoin will trend upward in the long term.

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