Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin Undervalued: Adam Back Predicts Major Price Surge

Bitcoin Undervalued: Adam Back Predicts Major Price Surge

TheccpressTheccpress2025/10/19 16:33
By:in Bitcoin News
Key Points:
  • Adam Back forecasts Bitcoin could surge to $1 million.
  • Institutional inflows via spot ETFs reach $41 billion.
  • Bitcoin price remains below an all-time high recently.

Adam Back, CEO of Blockstream, claims Bitcoin is undervalued and could rise to $500,000 to $1 million, influenced by ETF inflows and political support, as discussed in a recent interview.

Back’s insights highlight Bitcoin’s potential as an undervalued asset, with institutional interest and ETF adoption likely bolstering prices amidst favorable political conditions.

Bitcoin and Institutional Influence

Bitcoin is currently trading below its all-time high despite significant institutional inflows. Adam Back, CEO of Blockstream, believes the digital currency is potentially undervalued and forecasts a possible surge to between $500,000 and $1 million.

“To me, there is no obvious logical reason why we are only at $100,000. It’s not very high, considering all the changes compared to a couple of years ago.” — Adam Back, CEO, Blockstream

Adam Back, a prominent figure in the crypto space, has expressed his view that there are no logical reasons Bitcoin is only at $100,000. The involvement of institutional ETFs and political support could push prices higher.

Institutional Investments and Political Climate

Institutional investments through spot ETFs have contributed substantially, with net inflows exceeding $41 billion. Despite these investments, Bitcoin has not reached its anticipated price, maintaining its status as a speculative asset.

The approval of spot Bitcoin ETFs in the US marks a significant step, highlighting a more open political climate. This move is regarded as a catalyst for boosting Bitcoin adoption and market value.

Bitcoin’s Price Movement Correlations

The historical pattern of Bitcoin’s price movements linked to halving cycles suggests a potential bullish trend. Interest in related altcoins has risen, with tokens like BTCBULL capitalizing on Bitcoin’s price momentum through unique reward systems.

Adam Back’s outlook hinges on robust institutional adoption , macroeconomic shifts, and historical trends. The expectation is that these elements will drive Bitcoin’s valuation higher during the ongoing four-year market cycle.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Only 106M Bitcoin Owners Worldwide, Says BitBo

New data from BitBo shows there are just 106 million Bitcoin owners globally.What the 106 Million Figure MeansBitcoin Adoption Has Room to Grow

Coinomedia2025/11/24 03:21
Only 106M Bitcoin Owners Worldwide, Says BitBo

$6B Bitcoin Shorts at Risk in Massive Squeeze

A $10K Bitcoin surge could liquidate $6 billion in shorts, triggering a major market shift.What’s Driving the Momentum?Market Outlook Ahead

Coinomedia2025/11/24 03:21
$6B Bitcoin Shorts at Risk in Massive Squeeze

$3.7B in Crypto Longs Wiped Out This Week

Over $3.7 billion in long crypto positions were liquidated in just 7 days, shocking traders across the market.What Caused the Sell-Off?What This Means for Investors

Coinomedia2025/11/24 03:21
$3.7B in Crypto Longs Wiped Out This Week

Bessent: $11B Shutdown Hit Won’t Trigger Recession

Despite an $11B loss from the shutdown, experts say the U.S. economy is not facing a recession.Strong Fundamentals Keep Recession Fears LowShutdown Impacts Are Real — But Contained

Coinomedia2025/11/24 03:21
Bessent: $11B Shutdown Hit Won’t Trigger Recession