News

Blockstream CEO Adam Back Predicts Bitcoin Will Hit $300,000 In Five Years

The Bitcoin community is not lacking bullish predictions for the king coin, even as the third halving has not brought a spike. According to Blockstream CEO and co-founder Adam Back, Bitcoin is still healthy and is on its way to $300,000.

“It might not require additional institutional adoption because the current environment is causing more individuals to think about hedging. And retaining value when there’s a lot of money printing in the world.”

Apart from the economic downturn, Back also said the coronavirus pandemic will cause more people to actually consider the real value of money, leaving people “looking for ways to preserve money.”

Leave a Reply

Your email address will not be published. Required fields are marked *