Blockstream CEO, Adam Back, a key player in the development of technologies like the Bitcoin BTC/USD Lightning Network, said the apex cryptocurrency will reach $700,000.

What Happened: Back said on X, “Digital gold bitcoin will surely flip physical gold sooner or later; and probably this halving cycle. So within a year or two. Currently, it’d take $700k/BTC but it maybe partially a substitute (some people start selling gold to buy bitcoin crossing the market caps below that).” 

Back’s confidence in Bitcoin potentially eclipsing gold’s market cap within the next couple of years hinges on the impact of the upcoming Bitcoin halving—slated for April next year. 

This event reduces…

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