Mega Bullish Bitcoin (BTC) price forecast from Adam Back

TL; DR

Blockstream CEO Adam Back has predicted that Bitcoin (BTC) could overtake the physical gold market and reach a value of $700,000, possibly in 2024 during the next semi-cycle. But it has already surpassed $1.2 trillion at its peak in 2021. Other BTC predictions come from celebrities like Robert Kiyosaki, Michael Saylor, and Kathy Wood, with predictions ranging from $120,000 to $1 million in the coming years.

BTC to Explode by 1,500%?

The price of Bitcoin (BTC) recently shot up to $42,000, giving many analysts and experts the opportunity to outline a bright future for the major cryptocurrency. One person who has proposed such a thesis is Adam Back – the famous British cryptographer and CEO of Block Stream.

According to him, BTC has a chance to “overturn” physical gold, as this growth may occur during the upcoming semi-cycle (scheduled for spring 2024). Having said that, Back has set a future price tag of $700,000 per single bitcoin.

“My call is that Bitcoin should overturn the gold market in the next half cycle. Therefore, it is a volatile price target that could drive down the price of gold and drive capital flight from physical gold to digital gold. “Maybe in the next few years” is secondary. He argued.

It should be noted that BTC has a long way to go before surpassing the nearly $14 trillion gold market capitalization. Currently, the market value of the leading digital assets stands at more than $800 billion and will surpass $1.2 trillion by 2021.

More violent predictions

Other prominent figures who have predicted that BTC will rise to new all-time highs in the near future are Robert Kiyosaki (author of the book “Rich Dad, Poor Dad”), Michael Saylor (CEO of MicroStrategy), Cathy Wood (CEO of Arc Invest) and others.

Kiasaki has warned several times that the US dollar could collapse, believing that such a crash could lead to a bitcoin rally. Moreover, he expects the property to rise to $120,000 by 2024.

They have Michael Saylor and Kathy Wood. He predicted A brighter future for BTC, the price may reach 1 million dollars, albeit in a different time frame.

Those who are curious to see more predictions from famous personalities can watch our dedicated video below.