Adam Back's predictions on the Bitcoin cycle: the rally could last until 2028

According to Adam Back, CEO of Blockstream and a historic figure in the Bitcoin world, the current bullish cycle could last much longer than some analysts suggest. Back believes that the cycle started in April 2024 should peak by the fourth quarter of 2027 or the first quarter of 2028, based on a comparative assessment of previous cycles in the cryptocurrency market.

Adam Back’s Cycle Theory and Historical Precedents

Adam Back uses historical data to support his predictions. The previous cycle began in May 2020 and reached its peak around March 2024, with Bitcoin hitting $73,700. This comparative analysis provides Back with a solid basis to estimate the duration and intensity of the current cycle. However, it’s worth noting that other analysts have identified the previous peak in November 2021, when Bitcoin reached $69,000, suggesting different interpretations of the same market phenomenon.

When Could Bitcoin’s Bullish Cycle End?

Adam Back’s forecast stands out for its clear timing. The CEO of Blockstream emphasized that he does not consider it likely for the bull market to end in November 2025, just three months from now. Back highlights that, while a temporary correction in the coming months is possible, the market should continue to produce new all-time highs before reaching its final cyclical peak. This scenario suggests a period of controlled volatility rather than an imminent crash.

Current Bitcoin Price Data

Currently, Bitcoin is valued at $70.47K, down 0.10% in the last 24 hours. The all-time high reached is $126.08K, setting a new record compared to the $123,091.61 recorded on July 14, 2025. These current data support Adam Back’s narrative of a market still in expansion, even considering short-term volatility.

Implications of Adam Back’s Predictions for Investors

Adam Back’s forecasts offer a medium- to long-term perspective that contrasts with the excessive optimism of some traders, but also with the pessimism of those expecting an imminent end to the bullish phase. According to the Blockstream CEO’s analysis, the period until 2028 represents a reasonable timeframe for the full cycle, during which Bitcoin could continue to deliver significant performance, albeit with the natural volatility characteristic of cryptocurrency markets.

Note: The information provided is for informational purposes only and does not constitute investment advice. Predictions, including those of Adam Back, remain subject to unpredictable market factors and should be viewed as possible scenarios rather than guarantees.