"Bitcoin is still living the trailer" - Adam Back explained that scenario.

Adam Back, the CEO of the crypto-focused software and security firm Blockstream, stated that the current price of Bitcoin is quite low compared to its potential. According to Back, the rapid influx of institutional capital could drive the BTC price to a range of $500,000 to $1 million within the next few years.

"The current level of 100 thousand dollars is quite low considering the developments that have occurred," said Back, emphasizing that the approval of spot Bitcoin ETFs is a significant turning point.

Back stated that Bitcoin has historically moved in four-year cycles and that this cycle has not yet fully started in terms of price compared to the periods after the previous halving (halving). "When a new record is broken, the price can rise very quickly," Back emphasized that market momentum will be fueled by investor psychology.

Adam Back is one of the few people who communicated directly via email with the creator of Bitcoin, Satoshi Nakamoto, in 2008. Back is also the developer of the "Hashcash" proof-of-work system that underpins Bitcoin.

Released: May 15, 2025 12:42