PANews reported on May 15 that according to Decrypt, Adam Back, CEO of blockchain company Blockstream, said that considering the continuous inflow of institutional funds and the improvement of the policy environment, the current price of Bitcoin at $103,000 is significantly undervalued. He believes that in this cycle, Bitcoin may rise to $500,000 to $1 million. Back pointed out that the US Bitcoin spot ETF has attracted more than $41 billion in net inflows, coupled with the Trump administration's crypto-friendly policies, the market fundamentals are significantly better than in previous years.
Blockstream CEO: Bitcoin could rise to $500,000 to $1 million in this cycle
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Author: PA一线
This content is provided for informational purposes only and does not constitute investment advice.
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