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cryptoJun 4, 2026, 4:20 AM

Adam Back Reaffirms $1M Bitcoin Target Amid Price Drop

Blockstream CEO Adam Back, referred to by the New York Times as the real Satoshi Nakamoto, urged investors not to panic over Bitcoin's decline during a Bloomberg TV interview, reiterating his confidence in a $1 million price target.

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Adam Back, CEO of Blockstream and a prominent cypherpunk, appeared on Bloomberg TV to address the recent Bitcoin price drop. Back, who has been named by the New York Times as a potential Satoshi Nakamoto, advised against panic selling and expressed strong conviction in Bitcoin's long-term value.

During the interview, Back reaffirmed his belief that Bitcoin will eventually reach $1 million per coin. He did not specify a timeline but urged market participants to focus on the asset's fundamentals rather than short-term volatility.

The remarks come roughly a month after Back's earlier prediction, as Bitcoin experienced a notable decline. His statement aims to stabilize sentiment among investors.

Source: MarketTwits