Blockstream CEO Predicts Bitcoin to Hit $700K in 1-2 Years, Surpass Gold's Market Cap After 2023 Halving
• Blockstream CEO Adam Back predicted Bitcoin will reach $700,000 and surpass gold's market cap within 1-2 years • Prediction based on upcoming Bitcoin halving in April 2023, which constrains supply and can drive up price • Back's company Blockstream developed key Bitcoin technologies like Lightning Network for faster, cheaper transactions • Back previously predicted Bitcoin would surpass $100,000 before the 2024 halving • Currently Bitcoin is trading around $41,741, up 2.26% in the last 24 hours