Adam Back says BTC market cap will hit one trillion by 2022

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Updated September 21, 2022 | Published October 6, 2020

2 mins read

One opinion has been that cryptocurrencies will prevail, but the question is – by how much and how soon?

According to Blockstream CEO Adam Back, the Bitcoin market cap is heading for $1trillion by 2022 or sooner.

Then, the value should proceed to $5trillion by 2030 at the latest.

These numbers come as a bit of a stark contrast with the current market capitalisation of $198billion which is the Bitcoin's price tag for October.

Back didn't seem to take his numbers willy-nilly out of the air.

Rather, he cited a report by Yassine Elmandjra, an analyst for investment advisor Ark, a respected industry company.

The report's numbers cited current data and rate of growth.

Part of that growth has been spurred by interest in gambling.

Bitcoin is one of the main currencies adopted by a number of casinos, including Bitcasino, 1xBit, and FortuneJack.

Gambling is not the sole driver of market value but it has been contributing by a whole lot.

CGN has also collected and posted a list of the best Bitcoin casinos you can enjoy while BTC's value is skyrocketing beyond the one-trillionth mark.

Love to gamble with crypto? We’d love if you took a couple of minutes to tell us about your favourites in our CGN survey

David

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.

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