Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO

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Blockstream CEO Adam Back predicts that by the end of the sixth halvening in 2032, the price of Bitcoin (BTC) will reach $10 million and have a $200 trillion market cap. He anticipates that more investors will start to “stack” bitcoin into cold storage wallets and that the next wave of adoption may be influenced by hyperbitcoinization spurts. BTC would need to “displace” a sizable percentage of store of value premiums from bond, real estate, gold, and stock portfolios.

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Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO

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Name	Price	24H (%)
Bitcoin(BTC)	$61,159.65	3.41%
Ethereum(ETH)	$2,716.92	2.23%
Tether USDt(USDT)	$1.00	0.00%
BNB(BNB)	$526.70	1.80%
Solana(SOL)	$145.00	0.49%
XRP(XRP)	$0.58	2.36%
Dogecoin(DOGE)	$0.106087	1.38%
Cardano(ADA)	$0.341083	1.52%
TRON(TRX)	$0.129418	2.77%
Shiba Inu(SHIB)	$0.000014	0.98%
Polkadot(DOT)	$4.53	0.11%
Chainlink(LINK)	$10.60	2.42%
Litecoin(LTC)	$63.82	3.12%
Polygon(MATIC)	$0.422044	0.86%
Monero(XMR)	$150.32	0.41%
OKB(OKB)	$36.98	0.72%
ApeCoin(APE)	$0.60	0.06%