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Bitcoin could hit $1 million by 2028 as institutional adoption grows, says Blockstream co-founder Adam Back.

Market News
12 Nov 2026, 12:45 WIB
Tokenpost
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Bullish
Bitcoin could hit $1 million by 2028 as institutional adoption grows, says Blockstream co-founder Adam Back.

Adam Back, co-founder of Blockstream, predicts Bitcoin will reach $1 million by 2028, specifying a timeline within the current four-year cycle. He believes about 95% of Bitcoin's adoption potential is still untapped, with large institutional investors like pension and mutual funds yet to make significant allocations. Back expects increased institutional participation to raise Bitcoin's long-term price floor, reinforcing his earlier forecasts of $500,000 to $1 million milestones before reaching $1.5 million by 2030.

Adam Back's Bitcoin price prediction is offered here with Pluang's market data for context. For readers following major cryptocurrencies, 12 rose and 37 fell today among 50 priced assets. Notable movers include XTZ at Rp4.287 with a 1-day change of -2.57%, LTC at Rp895.583 with -2.48%, and LINK at Rp183.064 with -2.10%. This data is as of Nov 12, 2026 17:32 WIB.

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