Bitcoin Falls About 3% to $68,674; Back's $1 Million Target Is 1,356% Higher

Bitcoin (BTC) traded at $68,674 as of 4:03 a.m. ET (09:03 UTC) Friday, down about 3% over 24 hours and well below the $1 million level Adam Back said it could reach by late 2028.

Blockstream CEO Adam Back described $1 million as a possibility. He has linked that outlook to institutional purchases, including from funds and corporate treasuries, pressing against Bitcoin’s fixed supply and potentially lifting its price. TokenPost previously covered Back’s $1 million Bitcoin outlook and 2028 timetable.

At the latest price, $1 million was about 14.6 times higher. The 1,356% comparison measures the increase from Friday’s price snapshot needed to reach that level; it does not specify a timeline for the move.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].