Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves.
In a Feb. 12 Twitter thread, the Bitcoin Core contributor explained to his 509,000 followers under what situation Hal Finney’s $10 million price prediction for BTC could come true.
Back noted that BTC has doubled in price year-on-year on average since 2013 and explained that if that trend continues, Bitcoin’s price will reach $10 million, along with a $200 trillion market cap, in around nine years’ time.
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