WHAT'S THE WAY FORWARD FOR BITCOIN?
PUMPING OR DUMPING SOON ? FIND OUT HERE:
As of January 27, 2026, Bitcoin ($BTC ) is trading around $87,700 - $88,600 (With a live price of $88,300 at the time of writing) showing signs of consolidation after recent volatility. The cryptocurrency has been under pressure from macroeconomic factors, geopolitical tensions (such as U.S.-Iran issues), and market rotations away from risk assets. This has led to a choppy trading environment, with BTC struggling to reclaim higher levels like $90,000 while defending key supports. Short-Term Price Movement (1-30 D
Bitcoin early contributor and Blockstream CEO Adam Back reiterated that if the United States establishes a Bitcoin strategic reserve, the price of Bitcoin could potentially reach $1 million per coin in the long term. As the global macro landscape and monetary system become more uncertain by 2026, sovereign institutions' interest in Bitcoin is being reassessed by the market.
Adam Back believes that Bitcoin's core advantage lies in its strictly limited supply mechanism. The total supply of Bitcoin is encoded in the protocol, with a permanent cap of 21 million coins, and no institution can dilute its value through issuance. Once national-level buyers enter the market, this structure will create a significant supply and demand mismatch. Back estimates that if several major economies each wish to hold about 1 million Bitcoin as reserve assets, the existing circulating supply will be quickly absorbed.