Blockstream CEO, one of the important names in the Bitcoin world Man backthe price of the largest crypto money at the end of the year will reach 500 thousand to $ 1 million. This ambitious estimated estimated crypto currency community, also known for rumors that Bitcoin’s inventor was Satoshi Nakamoto, aroused a great impact in the crypto currency community.
Great rise expectation in Bitcoin price
Right now Bitcoin Although it is traded at about $ 94 thousand, it is only the beginning of a giant rise. Back, Bitcoin’s new bull cycle is still in the first phase, the market is currently facing an unprecedented demand in history.
Blockstream CEO emphasized that Spot Bitcoin ETFs were launched and the intense interest of Wall Street giants creates a great competition for Bitcoin supply. In addition, state funds Bitcoin investment He said he evaluated to do.
Corporate and national investments can explode
According to the Back, ETFs purchase twice the amount of Bitcoin produced daily and pour a significant amount of new capital into the market. In addition to companies such as Strategy, corporate investors are aggressively to their portfolios. BTC continues to add. Individual investors are involved in this wave with regular purchases.
Back thinks that after a country begins to use Bitcoin as a reserve asset, other countries will quickly follow it. The diversification of national reserves with Bitcoin can also trigger the entry of large capital pools such as pension funds and investment funds. This may carry the procurement pressure on Bitcoin to an unprecedented point.
The splitting of the Block Prize in the past, in other words, the Back admits that the price rise rate has slowed down during the Halving periods. crypto currency He said that it is not realistic to see the 100 thousand dollars as a hill. According to him, Bitcoin will first reach $ 500,000 in this cycle and then carry the target to $ 1 million.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
