700% Growth for Bitcoin in This Cycle? 🚀

We haven't seen the real bull run for Bitcoin yet, according to expert Adam Back. The CEO of Blockstream believes that Bitcoin is still in the early stages of its bull market and could potentially grow by over 700% during this cycle! 💥

In a recent interview with Anna Tutova from Coinstelegram, Back discussed Bitcoin's future, referencing predictions from figures like Arthur Hayes, who forecasts a $1 million price for BTC by the end of the cycle, while others suggest a range of $500,000. Back finds these predictions plausible. 💸

The expert explains Bitcoin's bullish momentum with factors such as long-term holding patterns by investors and t$BTC

#he impact of spot BTC ETFs. As new investments enter the market, the market cap increases, but the actual amount needed to drive up the price is significantly less. 🪙

Back notes that even small investments can lead to significant market cap growth, especially when new buyers are long-term holders or ETFs that store BTC. This could result in a stable and impressive rise in the price of the leading cryptocurrency! 📈 #BTC