The last Bitcoin bull run ended over 2.5 years ago. Anyone who was already interested in the digital gold Bitcoin at the time should longingly mourn the times when the price for one of the coveted talers in 2017 would twenty-fold mourn. Since then, we’ve seen the $ 20,000 and $ 3,000 crash by early 2019 and have been in no man’s land between the low of the last crypto winter and the all-time high of 2017. Many are wondering when the next Bitcoin Bullrun will come and what it is triggered. If one believes the statements of Adam Back, the next Bitcoin course fireworks could be ignited by something other than most think.
Bitcoin at $ 300,000 by private investors
In an interview published two days ago between Adam Back and Bloomberg, he predicts a thirtyfold increase in the Bitcoin price from currently around $ 10,000 to over $ 300,000 in the next 5 years. Back joins the ranks of crypto experts who predict six-digit price targets of $ 100,000 to $ 500,000 for the next Bitcoin Bullrun, although he is not known for wild speculation.To explain: Adam Back is the current CEO of Blockstream, a crypto company dedicated to the advancement of Bitcoin, the Lightning Network and various sidechains. He is also the inventor of Hashcash, which used cryptographic mechanisms similar to Bitcoin as early as the 1990s. Adam Back was also mentioned by name in the Bitcoin white paper by Satoshi Nakamoto and had early contact with the BTC inventor.