Adam Back, CEO of crypto company Blockstream, stated that the price of Bitcoin (BTC) could reach $ 10 million in the next 9 years, but this will be possible under certain conditions.
Adam Back is a recent social media in your post, Hal Finney and its Bitcoin price $10 million estimate disclosed the details. In order for this price to be realized within 9 years, several factors must come together Back stating that, however, this that it is not impossible stated.
Back, in time “hodl“We will live in a reality where the strategy is more adopted and people are buying as much Bitcoin as possible and storing them in their cold wallets. supply shock underlined that it will trigger the rise.
CEO of Bitcoin to approach $10 million bond, real estate, gold And in stock portfolios a significant portion of the value retention premiums “displacement” He added that he needed
Back, the price of BTC has doubled on average annually since 2013 He stated that if this trend continues, the price of Bitcoin will rise in about nine years. With a market value of $200 trillion He emphasized that the price will reach 10 million dollars together.
bitcoin layer-2 Stating that the developments in technology and wallet infrastructure will play an important role in this price volatility, Back said that in the coming years, things will be “interestingHe stressed that it will become
I think things will be “interesting” and fast in the next two halvings. We don’t have much time to scale technology. We need a space for the next billion users to have their own UTXOs, their own keys, and censorship-proof cold storage. We must also do this without weakening the main chain security.