Blockstream CEO: Bitcoin may rise to $500000 to $1 million within this cycle According to Decrypt, Adam Back, CEO of Blockstream, stated that considering the continuous inflow of institutional funds and the improvement of policy environment, the current price of Bitcoin at $103000 is significantly undervalued. He believes that Bitcoin may rise to $500000 to $1 million within this cycle. Back pointed out that the US Bitcoin spot ETF has attracted over $41 billion in net inflows, coupled with the Trump administration's crypto friendly policies, the market fundamentals are significantly better than in previous years.