Funding round backed by Fulgur Ventures, Nakamoto, and TOBAM positions FUTURE as an institutional bridge between Bitcoin and global capital.
The market has been gaining momentum in recent weeks, with industry leaders suggesting that the Bitcoin price is only at the beginning of its next major rally. As the digital asset shows resilience against broader market volatility, Adam Back, the co-founder and Chief Executive Officer of Blockstream, a blockchain technology company, has made a bold prediction that Bitcoin at $100,000 is still cheap. The crypto founder believes the flagship cryptocurrency holds far greater potential, predicting its real peak value for this cycle. Why Bitcoin Price At $100,000 Is Still Cheap Back, a long-time advocate of Bitcoin, recently emphasized that the market continues to underestimate BTC’s long-term potential. According to him, debates around diminishing returns from each halving cycle may not fully reflect the current economic climate. The crypto founder pointed out that the most recent halving cycle was impacted by macroeconomic disruptions, such as pandemic-related money printing and global supply chain issues, which may have suppressed Bitcoin’s potential upside. Related Reading: Bitcoin Price Turns Bullish Above $114,000 With Hidden Divergence Forming The Blockstream CEO explained that Bitcoin’s previous peak above $73,000 occurred prematurely and should not be treated as the natural top of the last cycle. Instead, he views it as a temporary cap influenced by external economic headwinds. With those obstacles easing and market conditions aligning more favorably, Back argues that a $100,000 valuation for Bitcoin is “too cheap” relative to its true cycle top. Looking forward, the Blockstream co-founder believes Bitcoin could climb significantly higher during this current cycle, projecting a peak in the range of $500,000 to $1 million. This bullish forecast underscores his conviction that institutional adoption, increasing scarcity, and a shifting global economic environment are setting the stage for BTC’s most explosive rally yet. Chart Analysis Suggests BTC Could Hit $124,000 This Week Crypto analysts are also observing strong technical patterns that suggest Bitcoin may be preparing for another significant breakout. IncomeSharks, a prominent market analyst, has projected that BTC could reach $120,000 by the end of the week. Related Reading: Bitcoin Price Flashes ‘Rarest Signal’ Ever, Is A 100% Rally Possible? His analysis, shared on X social media, is supported by a chart indicating a recovery from recent dips and a potential continuation of the upward trend. Currently, Bitcoin has rebounded from its correction below $108,000 and is now trading above $117,000. IncomeSharks’ chart highlights a “small support break” that has already been recovered, strengthening the bullish case for further price movement. If momentum continues as anticipated, a decisive test of resistance levels near $124,000 appears imminent. Adding to the optimism, market expert Ash Crypto has noted that Bitcoin is experiencing its strongest September in over a decade. Historically, September has often been a bearish month for the cryptocurrency, but this year has shown exceptional resilience. The analyst noted that when BTC closed September in the green, October and November have been “giga bullish.” If this pattern holds, he suggests that the final quarter of 2025 could mark the beginning of a major bull run. Featured image from Pixabay, chart from Tradingview.com
The Blockstream CEO says image inscriptions undermine Bitcoin’s role as money and offer miners only a negligible profit in return.
Bitcoin Standard Treasury Co.'s SPAC deal combines fiat financing and a bitcoin-denominated PIPE, aiming to debut on the Nasdaq with over 30,000 BTC and an aggressive growth plan.
Bitcoin’s on-chain activity lit up again as Blockstream CEO Adam Back alerted the Bitcoin community to the return of the so-called “Bitfinex whale.” According to Back, this unknown but powerful entity has been accumulating Bitcoin at a staggering rate, purchasing roughly 300 BTC per day over the past 48 hours using time-weighted average price (TWAP) […]
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Co-founded by early Bitcoin contributor Adam Back, Blockstream introduced Simplicity to solve the limitations of Bitcoin as a smart contract venue
The FT reported overnight of an imminent agreement with the Bitcoin OG to provide CEPO with 30,000 BTC.
According to the report, the Cantor Equity Partners 1 shell company would acquire 30,000 bitcoin from Back and his Blocksteam Capital in exchange for shares in the Cantor vehicle.
Capital increase and convertible bonds attract key investors.
Blockstream CEO shares details with CoinDesk on strategic convertible loan backing bitcoin-focused treasury play.
Bitcoin OG Adam Back was among the investors in the health and longevity company's capital raise.
Michael Saylor, chairman of Strategy and a long-time Bitcoin advocate, has dismissed concerns that quantum computing poses an imminent threat to the top crypto. In a recent CNBC interview, Saylor argued that the narrative is exaggerated to promote speculative quantum-resistant tokens. He noted : “It’s mainly marketing from people that want to sell you the […]
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The post-quantum era is still “several decades away,” but it could be a net positive for the Bitcoin network’s security.
If Satoshi is behind the 2010 wallets, it makes sense to leave the 2009 wallets alone to avoid drawing attention, BTCparser said.
In a series of exchanges on X, Adam Back, CEO of blockchain technology firm Blockstream, projected that Bitcoin could surge beyond $1 million if the United States were to establish a Strategic Bitcoin Reserve (SBR) under President-elect Donald Trump. “If the US Strategic Bitcoin Reserve happens, prepare for 7 figure bitcoin. This cycle. The market is skeptical on meaningful follow through for now, so that is not at all priced in,” Back stated. if the US Strategic Bitcoin Reserve happens prepare for 7 figure bitcoin. this cycle. the market is skeptical on meaningful follow through for now, so that is not at all priced in. — Adam Back (@adam3us) November 18, 2024 The bold prediction sparked discussions among industry experts and enthusiasts. James Van Straten, a noted crypto analyst, responded, “7 figures? I don’t think I’m mentally prepared for 6.” Acknowledging the market’s doubt, Back replied, “That’s a fairly big ‘if’ though. At least if we infer from market price, the market thinks a US Strategic Bitcoin Reserve is unlikely. If that becomes real, I’d expect a rapid repricing.” Can Bitcoin Rise To $1 Million Per Coin? The conversation highlights the market’s skepticism regarding the feasibility of the US government accumulating such a significant Bitcoin reserve. Van Straten, like other experts, suggested that a nation might consider “front-running” this potential scenario, to which Back noted, “There’s no good way to buy 1 million BTC other than very, very quietly. Even then, once it leaks, the entire world gets FOMO and a price teleport happens.” Related Reading: Is $135,000 Bitcoin’s Current Ceiling? This Model Says So Portal, a custodyless interoperability protocol for Bitcoin, weighed in on the discussion via X: “If the US starts one, surely the rest of the world will start to follow suit as well.” This sentiment underscores the potential global ripple effect of a US-initiated SBR on Bitcoin adoption and valuation. Skepticism was also voiced by X user AndyLiteMan (@LiteAndy), who critiqued Back’s astronomical prediction: “As much as that would be exciting, it’s not going to happen. We hear this every cycle.” Back maintained his position, emphasizing the conditional nature of his prediction: “I said ‘if,’ and that market doesn’t believe it so far.” Adding another layer to the unfolding narrative, Dennis Porter, CEO and founder of the Satoshi Act Fund—a US nonprofit advocating for Bitcoin adoption—claimed on November 18 that Donald Trump’s team is considering an executive order to establish a national SBR, as Bitcoinist reported. “I’ve heard that the Trump team is considering an Executive Order for a National ‘Strategic Bitcoin Reserve’ in order to beat any state from passing it into law first,” Porter disclosed via X. “I can confirm that US Senate offices are backing this plan up. Game on President Trump. The race is on.” Related Reading: Bitcoin’s Market Is Still In An ‘Healthy Growth’ Phase, Says Analyst—Here’s Why Porter, deeply involved in legislative efforts surrounding Bitcoin adoption, noted that his information stems from “private conversations with people familiar” with the matter and his direct involvement in promoting SBR language across the United States and internationally. Notably, it is crucial to distinguish between the proposals being discussed. Porter’s reference to Trump’s consideration pertains to an executive order that would establish a national SBR. This contrasts with Trump’s previous suggestion at the Bitcoin 2024 conference to create a strategic Bitcoin reserve by retaining all “seized coins” obtained through law enforcement actions. Furthermore, Republican Senator Cynthia Lummis has introduced the Bitcoin Act, which proposes the US government purchase 1 million BTC over five years, allocating 200,000 BTC per year. Addressing this legislative initiative, Back commented on a Polymarket prediction market screenshot showing a 36% chance for “Will Trump create a national Bitcoin reserve?” He clarified, “Optimistic IMO and depends on what they mean. ‘Not selling seized coins’ is very different from Senator Lummis’ SBR bill to buy 1 million BTC.” The latter could send the Bitcoin price skyrocketing. Back highlighted the logistical challenges of such a substantial acquisition: “There’s no good way to buy 1 million BTC other than very, very quietly. Even then, once it leaks, the entire world gets FOMO and a price teleport happens.” At press time, BTC traded at $92,329. Featured image created with DALL.E, chart from TradingView.com
Back was an early Bitcoin developer and the first person to receive an email from pseudonymous Bitcoin creator Satoshi Nakamoto.
The Blockstream founder was favored as the most likely figure to be revealed as Satoshi Nakamoto in the HBO documentary by Polymarket users.
Investors will need to make a minimum $1,000 investment to purchase the token, which will be issued on the Bitcoin layer 2 “Liquid Network” under the ticker HILSV.