Adam Back Predicts Bitcoin Price Will Hit $500K to $1M by 2025 End

In the world of Bitcoin, few voices carry as much authority as Adam Back, CEO of Blockstream and a figure often rumored to be Satoshi Nakamoto himself. Now, Back has made a bold Bitcoin price prediction that’s grabbing the crypto world’s full attention, he expects Bitcoin to soar to $500,000 and possibly even $1 million by the end of 2025.

Here’s why he thinks this could happen.

Bitcoin Is In an Early Bull Run

As of now, Bitcoin is trading around $94,179, but Adam Back thinks this is just the beginning of a massive bull run. According to him, we are still in the early stages of a major Bitcoin cycle fueled by historic levels of demand. 

With spot ETFs now live, big Wall Street firms jumping in, and sovereign wealth funds eyeing Bitcoin, the competition to secure the limited supply is stronger than ever.

Big Players Are Buying Up Bitcoin Fast

Adam points out that there’s a wave of new capital entering the market. ETFs are buying up twice the amount of Bitcoin that’s being mined daily. 

Meanwhile, companies like MicroStrategy and a growing number of institutional investors are aggressively adding Bitcoin to their balance sheets. Even retail investors are stacking sats through steady dollar-cost averaging.

Global Domino Effect Could Be Coming

But that’s not all. Adam believes that once a big country starts buying Bitcoin as a reserve asset, a domino effect will follow. Other nations won’t want to be left behind. 

This, combined with increasing interest from pension funds and mutual funds, could create a buying pressure like we’ve never seen before.

Adam Back: BTC to Hit $500K–$1M By 2025 End

Based on all these trends, Back expects Bitcoin to reach somewhere between $500K and $1 million by the end of this cycle, potentially even before 2025 closes out. He thinks that calling $100K a top would be far too low, considering how things are lining up.

However, a similar prediction Adam Back made on the Milk Road Podcast, Back said Bitcoin could first hit $500,000 and then climb to $1 million. He also pointed out that after the last few halving, Bitcoin’s price gains have slowed down.