According to Adam Beck, the price of the main cryptocurrency may more than double this year.
Blockstream CEO Adam Beck predicted that Bitcoin will rise in price to $ 100,000 this year. According to Beck, in the long term, the price of the main cryptocurrency could reach $ 500,000.
In many ways, Bitcoin is better than gold, 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.
On August 23, the price of bitcoin for the first time since mid-May exceeded $ 50 thousand. After that, the rate of the main cryptocurrency went down.
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 bitcoin and other digital assets.
On August 24, Blockstream announced that 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).
We're excited to announce that we've raised $210 million as part of our Series B financing on a valuation of $3.2 billion, led by @BaillieGifford and iFinex, operator of @Bitfinex, to continue our mission building financial infrastructure on #Bitcoin. https://t.co/bIxLTrRp1F pic.twitter.com/7SL2AmGGmd
— Blockstream (@Blockstream) August 24, 2021
