Blockstream CEO Adam Back Says Bitcoin at $103K, Predicts Surge to $500K–$1M Driven by ETF Inflows and Institutional Momentum

By: defi news|2025/05/16 07:30:07
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Home News Markets Blockstream CEO Adam Back Says Bitcoin at $103K, Predicts Surge to $500K–$1M Driven by ETF Inflows and Institutional Momentum Adam Back, CEO of Blockstream and a prominent figure in the cryptocurrency community, has stated that Bitcoin's current price of $103,000 is "strangely low." He predicts that Bitcoin could surge to between $500,000 and $1 million during this market cycle. Back attributes this potential increase to factors such as inflows from exchange-traded funds (ETFs) and growing institutional momentum. His forecast suggests a rapid rise once Bitcoin hits a new all-time high. This bullish outlook contrasts with some other market predictions, such as one estimate placing the peak at $420,000 for this cycle. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . Our articles are stored on Filecoin. Related Posts MoonPay Partners with Mastercard on USDT Stablecoin Card Acurast Launches Community Token Sale on CoinList Crypto Market Dips as Fed Remarks Spark Volatility Advertisement Get an edge in Crypto with our free daily newsletter Know what matters in Crypto and Web3 with The Defiant Daily newsletter, Mon to Fri 90k+ Defiers informed every day. Unsubscribe anytime.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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