# Blockstream Co-Founder Adam Back Bets Bitcoin Will Reach $1 Million by 2028 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/55254 Published: 2026-11-12T10:45:18.000Z Updated: 2026-11-12T10:45:18.000Z Section: Investing > Back estimates that about 95% of Bitcoin’s potential adoption remains ahead and points to pension and mutual funds as large pools that have yet to allocate at scale. Blockstream co-founder Adam Back said he is personally betting Bitcoin (BTC) will reach $1 million by 2028, giving a specific date to a target he previously placed within the current four-year cycle. Back estimates that about 95% of Bitcoin’s potential adoption remains ahead. He pointed to pension funds and mutual funds as large pools of capital that have not yet made large-scale Bitcoin allocations. Back expects rising institutional participation to push Bitcoin’s long-term price floor higher. The 2028 call adds a specific timetable to the $1 million level. Back’s earlier [longer-term Bitcoin outlook]() included $500,000 and $1 million as potential milestones during the current four-year cycle, followed by a $1.5 million target by 2030. ## Links in this article - [longer-term Bitcoin outlook](https://www.tokenpost.com/news/people/23298)