The price of Bitcoin will break through the $100,000 level before the upcoming halving in April 2024, says industry veteran and CEO of Blockstream Adam Back.

He gave his forecast in response to a tweet by analyst Vijay Boyapati, in which he wondered whether Bitcoin could reach a maximum for the first time in history on the eve of a reduction in the block reward.

“That’s exactly what I was talking about, my bet is $100,000 before the halving,” Beck said confidently.

In the comments, he noted that his forecast does not take into account the possible bullish momentum for the cryptocurrency if the SEC approves spot Bitcoin ETFs.

Regarding the long-term movement of digital gold quotes, the entrepreneur agreed with the opinion of BitMEX co-founder Arthur Hayes about reaching a level of $750,000 to $1 million by 2026.

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