Blockstream CEO: BTC's current price is significantly undervalued and may rise to $500,000 to $1,000,000 in this cycle

ChainCatcher news, Blockstream CEO Adam Back stated that considering the continuous inflow of institutional funds and the improving policy environment, Bitcoin's current price of $103,000 is significantly undervalued.

He believes that during this cycle, Bitcoin could rise to between $500,000 and $1,000,000. Back pointed out that the U.S. Bitcoin spot ETF has attracted over $41 billion in net inflows, combined with the crypto-friendly policies of the Trump administration, the market fundamentals are significantly better than in previous years.