Blockstream CEO Adam Back said the market was still in the early stages of its current bull cycle and that he was personally betting Bitcoin would exceed $1 million by the cycle’s end, which he placed in late 2028. The remarks were reported by Cointelegraph, according to a Jinse Finance notice published on November 12, 2026, at 15:09 (UTC+8).
Back’s price target is his own forecast, not an established outcome. The brief notice provided no further basis for it.