Cypherpunk pioneer Adam Back: Bitcoin will reach $1 million by 2028

Odaily reports: Cypherpunk pioneer and Blockstream co-founder Adam Back stated on CNBC that he personally bets Bitcoin will reach $1 million by 2028.

Adam Back pointed out that approximately 95% of Bitcoin's potential adoption space has yet to be unlocked, and large capital pools such as pension funds and mutual funds have not yet allocated to Bitcoin at scale. He believes that as institutional adoption continues to rise, Bitcoin's price floor will also trend upward over the long term.