Blockstream CEO Adam Back Forecasts Bitcoin Reaching $1.5 Million by 2030

Blockstream CEO Adam Back projects that Bitcoin could reach $1.5 million per coin by the end of 2030, with intermediate targets of $500,000 and $1,000,000. The forecast arrives as Bitcoin trades near $87,290 after crossing above $86,000, supported by buying pressure across spot and perpetual futures markets. Back attributed his projection to persistent institutional capital entering via U.S. spot Bitcoin ETFs, expanding regulatory clarity, and Bitcoin's programmatic supply constraints, including historical halving cycles with the next event scheduled for 2028.