"Bitcoin to Reach $10 Million in the Future"

Son Min

Summary

Adam Back, CEO of Blockstream, stated that Bitcoin could reach $10 million in the long term.
He mentioned that Bitcoin's price rises with each halving cycle, consistently exceeding inflation and interest rate increases.
He evaluated that the purchase of Bitcoin by many companies also acts as a positive factor for Bitcoin's rise.

There is a claim that Bitcoin (BTC) will rise to $10 million.

According to CryptoBasic on the 29th (local time), Adam Back, CEO of Blockstream, said that Bitcoin could reach a market cap of $200 trillion in the future. Converted to Bitcoin price, this is about $10 million per 1 BTC. He further stated, "Bitcoin has significantly risen every halving, consistently outpacing inflation and interest rate increases," and evaluated that "the fact that many companies are buying Bitcoin is also a positive factor."

As of 4:31 PM, Bitcoin is trading at $94,888, up 0.18% from 24 hours ago, based on the Binance USDT market.

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