Blockstream CEO Adam Back said on social media that he believes Bitcoin (BTC) will likely hit $100,000 before its next halving, causing a blend of excitement and skepticism within the cryptocurrency community.
Back also believes that Bitcoin could potentially reach between $750,000 to $1 million per token under a bullish scenario. While some enthusiasts align with Back’s bullish outlook, others criticize what they see as speculative guessing in an unpredictable market.
$100K BTC
The conversation began with a tweet from Bitcoin analyst and author Vijay Boyapati, asking if Bitcoin could hit an all-time high (ATH) before the halving. Back boldly responded with an affirmative, saying:
“That’s what I’ve been saying, my bet is $100k before the halving.”
Back’s prediction goes against the flagship crypto’s historic price trend, which has never broken above a previous cycle’s all-time high before the halving. In the past two cycles, BTC price began its breakout movements month
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