Blockstream CEO's $1 Million Bitcoin Target Implies a 1,350% Surge From $69K

At a Glance Blockstream CEO Adam Back says Bitcoin could reach $1 million by late 2028, citing its fixed supply. The daily chart still favors sellers, with Bitcoin stuck under both major moving averages. Traders are watching whether the nearest support holds or gives way to a deeper flush. Adam Back, the Blockstream chief executive, has put a seven-figure price on Bitcoin within a few years. The forecast lands during a rough stretch for Bitcoin, which has lost ground for weeks. Traders want to know whether buyers can halt the slide first. Adam Back Puts a $1 Million Price on Bitcoin by Late 2028 Back, an early cypherpunk whose Hashcash work is cited in the Bitcoin white paper, says BTC could reach that level by late 2028.

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