September 26, 2021

The head of Blockstream predicted a rise in the price of bitcoin to $ 100 thousand

According to Adam Beck, the price of the main cryptocurrency may more than double this year.

Blockstream CEO Adam Backpredicted that already this year, bitcoin will rise in price to $ 100 thousand.According to Beck, in the long term, the price of the main cryptocurrency could reach $ 500 thousand.

Bitcoin is better than gold in many ways, according to the head of Blockstream. Beck explained that his forecast is based on the current price of the precious metal, taking into account the emission of the main cryptocurrency.

August 23 bitcoin price for the first time since mid-Mayexceeded $ 50 thousand. After that, the rate of the main cryptocurrency went down. At 10:20 Moscow time on August 27, the digital coin is trading at $ 46.9 thousand. Bitcoin capitalization is $ 885 billion, according to CoinGecko.

Blockstream was founded by Adam Back in 2014. The company develops a range of products and services for storing and transferring bitcoins and other digital assets.

On August 24, Blockstream announced it has raised $ 210 million in its Series B funding round. The round was led by Baillie Gifford and iFinex (parent company of Bitfinex and Tether).