The head of Blockstream predicted the rise in bitcoin price to $100 thousand.

According to Adam Beck, the price of the main cryptocurrency may more than double this year

The head of Blockstream predicted the rise in bitcoin price to $100 thousand.

Blockstream CEO Adam Beck predicted that in the current year, bitcoin will rise in price to $ 100 thousand. According to Beck, in the long term, the price of the main cryptocurrency could reach $ 500 thousand.

In many ways, bitcoin is better than gold, said the head of Blockstream. Beck explained that his forecast is based on the current price of the precious metal, taking into account the issue of the main cryptocurrency.

On August 23, the price of bitcoin for the first time since mid-May exceeded $50,000. After that, the rate of the main cryptocurrency moved to the decline. As of 10:20 MSK on August 27, the digital coin is trading at $46.9 thousand. Bitcoin has a capitalization of $885 billion, according to CoinGecko.

Blockstream was founded by Adam Beck in 2014. The company develops a range of products and services for storing and transferring bitcoins and other digital assets.

On Aug. 24, Blockstream announced it had raised $210 million in a Series B funding round. The round was led by Baillie Gifford and iFinex (the parent company of Bitfinex and Tether).

Latest news:

The digital yuan: a detailed review of China’s currency of the future

Bitmain sold out Antminer S19j Pro miners for the year ahead

What they’re earning right now: the main trends on the crypto market

Partners