Blockstream CEO Adam Back predicts a significant surge in Bitcoin’s price within the current market cycle, suggesting a potential reach of between $500,000 and $1 million per coin. This optimistic outlook stems from several factors: strong institutional investment fueled by spot Bitcoin ETFs, a positive political climate bolstering confidence in crypto infrastructure, and the historical precedent set by past halvings, which have consistently triggered price spikes within 12 to 18 months. Despite recent growth fueled by these developments, Bitcoin’s price remains relatively stagnant at present. Back attributes this stagnation to market inertia and investor behavior patterns, explaining that traditional investors often enter after prices surge, hindering early-stage growth. However, with rising confidence and a new peak potentially approaching, these same investors could ignite rapid momentum. Adam Back, renowned for his technical expertise and involvement in Bitcoin’s early development (co-founder of Blockstream and close to Satoshi Nakamoto), brings valuable credibility to his predictions.