Cryptopunk pioneer Adam Back: Bitcoin will reach 1 million dollars in 2028

Pioneer of the cypherpunk movement and co-founder of Blockstream, Adam Back, stated on CNBC that he personally bets Bitcoin will reach $1 million by 2028.

Adam Back pointed out that there is still about 95% of potential adoption space for Bitcoin that has not yet been unlocked, and large capital pools such as pensions and mutual funds have not yet allocated Bitcoin on a large scale. He believes that as institutional adoption continues to rise, the price bottom of Bitcoin will also show a long-term upward trend.