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Reading: Bitcoin Price Could Reach $500K to $1M This Cycle, Says Blockstream CEO
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Deythere > News > Crypto > Bitcoin > Bitcoin Price Could Reach $500K to $1M This Cycle, Says Blockstream CEO
NewsBitcoinCrypto

Bitcoin Price Could Reach $500K to $1M This Cycle, Says Blockstream CEO

Bitcoin Could Reach $500K to $1M This Cycle, Says Blockstream CEO
Maxwell Mutuma
Last updated: May 15, 2025 10:57 am
By
Maxwell Mutuma
Published May 15, 2025
6 Min Read
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Blockstream CEO Adam Back feels that Bitcoin’s (BTC) value is trading at all-time highs but is still undervalued. He thinks the price may be $500,000 or $1 million during the market cycle. Despite an increased institutional interest coupled with ETF inflows, the current price is yet to catch up with expected values.

Contents
Bitcoin Price Stalls Despite Bullish ConditionsBitcoin Price TableInstitutional Investment and ETFs Push New Capital Into BitcoinPolitical Climate and Market Behavior Could Trigger Sharp Price RiseFAQsWhat is Adam Back predicting about the Bitcoin price?Why does he believe the current Bitcoin price is low?How have ETFs impacted Bitcoin investment?What role do Bitcoin halvings play in price movements?Who is Adam Back, and why is his opinion relevant?Glossary of Key TermsReference:

Bitcoin Price Stalls Despite Bullish Conditions

According to CoinGecko data, Bitcoin’s price is $101,952, 7% higher than a week ago. However, it is still only 5% away from its all-time high of about $109,000 earlier this year. According to market observers, this figure is surprisingly low, as the existing macroeconomic conditions and regulations condition it.

Bitcoin Price Stalls Despite Bullish Conditions
Bitcoin Price Stalls Despite Bullish Conditions

Adam Back, CEO of Blockstream, attributes this stagnation to market inertia and investor behavior patterns. He emphasizes that traditional investors often enter after prices surge, which slows early-stage growth. Yet, with rising confidence, these same investors can create rapid momentum once a new peak is breached.

Bitcoin Price Table

DateBitcoin Price (USD)
May 1, 2025$98,700
May 8, 2025$101,200
May 15, 2025$101,952
All-Time High$109,000
Projected High$500,000 -$1,000,000

The Bitcoin halving event, historically triggering price climbs, occurred earlier this year. Previous cycles show significant price increases within 12 to 18 months after each halving. Yet this time, Bitcoin price movement remains modest compared to past patterns.

Institutional Investment and ETFs Push New Capital Into Bitcoin

The influx of institutional money to crypto markets has significantly driven Bitcoin’s price in 2025. Last year, a number of spot Bitcoin ETFs were approved by U.S. regulators, opening billions in inflows from top asset managers. There are over 41 billion dollars in net inflows into BTC ETFs.

Institutional Investment and ETFs Push New Capital Into Bitcoin
Institutional Investment and ETFs Push New Capital Into Bitcoin

While BlackRock and Fidelity lead such ETFs, they provide an easier avenue for accessing Bitcoin without requiring direct crypto exposure. This has made the market accessible to a wider class of retail and institutional investors who shunned digital assets. Therefore, traditional finance mechanisms pump additional capital into the market daily.

Back emphasizes that these developments are unprecedented in Bitcoin’s history. The level of Wall Street involvement signals a maturation of the asset class. However, despite these factors, the Bitcoin price has yet to reflect the scale of new demand.

Political Climate and Market Behavior Could Trigger Sharp Price Rise

Adam Back also points to shifting U.S. political sentiment as a bullish signal for Bitcoin. With favorable regulatory positions and potential support from political leaders, confidence in crypto infrastructure is growing. This environment encourages long-term investment and mainstream adoption.

In Back’s view, investors are momentum followers and follow by chasing rising assets. Bitcoin’s new highs will most likely attract additional demand, increasing its price. Owing to this feedback loop, Bitcoin may reach $500,000 and $1 million per coin in the cycle.

Back, a key player in the early development of Bitcoin, has some credibility with the technical and market crowd. He co-founded Blockstream and has a historical affiliation with Satoshi Nakamoto. His worldview comes from a technical understanding of the market’s evolution.

FAQs

What is Adam Back predicting about the Bitcoin price?

Adam Back expects the Bitcoin price to reach between $500,000 and $1 million during this market cycle.

Why does he believe the current Bitcoin price is low?

He points to strong institutional inflows, ETF approvals, and a positive political climate that have yet to be reflected in price.

How have ETFs impacted Bitcoin investment?

They made it easier for institutions and retail investors to gain exposure through brokerage accounts, driving over $41 billion in inflows.

What role do Bitcoin halvings play in price movements?

Historically, Bitcoin price increases significantly 12 to 18 months after each halving, often breaking past highs.

Who is Adam Back, and why is his opinion relevant?

He is the CEO of Blockstream and was involved in early communications with Bitcoin’s creator, Satoshi Nakamoto.

Glossary of Key Terms

Bitcoin Price: The market value of one Bitcoin unit, usually expressed in U.S. dollars.

ETF (Exchange-Traded Fund): A type of investment fund traded on stock exchanges that holds assets like stocks or cryptocurrencies.

Institutional Investment: Large-scale investment from banks, hedge funds, or asset managers into financial markets.

Halving: A programmed Bitcoin event that cuts mining rewards in half every four years, reducing new Bitcoin supply.

Blockstream: A blockchain technology company co-founded by Adam Back, focused on building Bitcoin infrastructure.

Reference:

Coingecko

Decrypt

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TAGGED:Adam BackBitcoinBitcoin ETFBlackRockBTC Price

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ByMaxwell Mutuma
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Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.
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