
2106: Adam Back Predicts $1M Bitcoin This Cycle - Minimum $500K Target
š Legendary cypherpunk and Blockstream CEO Adam Back says Bitcoin will hit $1M this cycle - with $500K as the minimum target. Itās his boldest call yet, and it signals what could be the most parabolic Bitcoin bull run in history.
š This comes as Bitcoin continues to build momentum: theĀ $117K futures gap is filled, analysts eye new all-time highs in 2ā3 weeks, and institutional appetite surges with $2B in ETF inflows. Meanwhile, Capital Groupās $1B bet has already ballooned to $6B.
ā” With Arthur Hayes warning weāre entering the āreal meatā of the bull cycle and other analysts pointing to Q4 as a cycle top, the signals are aligned: hyperbitcoinization is accelerating.
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