At the 2025 Paris Blockchain Week, Blockstream CEO Adam Back offered an ambitious forecast for Bitcoin, suggesting that the cryptocurrency could eventually rival gold as a hedge against inflation. Back emphasized Bitcoin’s growing adoption, driven by geopolitical instability, monetary policies, and a shift in regulatory environments under President Trump. He noted Bitcoin’s inherent scarcity, which he likened to gold, but highlighted its increasing adoption as a key differentiator in the coming decade.
Bitcoin’s Appeal as an Inflation Hedge
In a fireside chat, Back discussed Bitcoin’s potential to become a key inflation hedge. “Bitcoin shares many characteristics with gold—it’s a scarce asset—but it’s also undergoing an adoption curve,” Back stated. He pointed to the global inflationary pressures, largely attributed to expansive monetary policies, as a key driver for investors seeking scarce, long-term assets. With inflation potentially averaging between 10% and 15% over the next decade, traditional investments like housing and stocks may struggle to provide the same level of protection. This environment, Back suggested, will likely enhance Bitcoin’s appeal as a store of value.
Backing his view of increased crypto adoption, Back cited the approval of Bitcoin spot ETFs in the U.S. and the Trump administration’s more crypto-friendly regulatory stance. These developments, according to Back, have helped eliminate regulatory hurdles, such as “Operation Chokepoint 2.0,” which previously restricted the growth of the cryptocurrency market.
The Role of Governments in Bitcoin’s Future
While Back acknowledged the potential role of government adoption in driving Bitcoin’s growth, he stressed the importance of individual adoption in the early stages. He warned that once governments start acquiring Bitcoin, a competitive wave could follow, potentially accelerating Bitcoin’s institutional uptake. As the cryptocurrency continues to consolidate in price amid global uncertainty, the market is eagerly awaiting the next phase of its evolution.
Bitcoin Price Dynamics and Market Trends
On April 7, Bitcoin showed strong bullish momentum before encountering a “Death Cross” signal at 02:20 UTC, which indicated a potential downturn. By 07:00 UTC, Bitcoin’s price had dropped to $74,508.11, testing key support levels. However, a subsequent “Golden Cross” at 07:20 UTC marked the beginning of a bullish reversal. The price surged to overbought conditions by 14:10 UTC, encountering resistance at $81,253.83.
Later in the day, at 17:15 UTC, another “Golden Cross” signaled continued bullish pressure, which persisted into the evening. Despite this, a final “Death Cross” later reversed the trend, introducing bearish sentiment. According to current Bitcoin price predictions, if the bearish trend persists, the cryptocurrency could break critical support near $77,154.53, potentially leading to further declines. However, if bullish momentum returns, Bitcoin could push past the $81,253.83 resistance, possibly reaching $82,000.
Looking Ahead: Bitcoin’s Potential as an Inflation Hedge
Adam Back’s predictions reflect a growing belief in Bitcoin’s role as an inflation hedge, particularly in light of rising cryptocurrency adoption and ongoing economic changes. With its price consolidating amidst market uncertainty, Bitcoin could continue to challenge gold’s dominance as a safe haven. If the bullish trend holds, Bitcoin may break through key resistance levels, paving the way for potential gains. However, should the bears regain control, a dip below support levels remains a possibility. Regardless, Bitcoin’s future appears poised to compete with gold in the long run, driven by macroeconomic shifts and evolving investor sentiment.
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