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Adam Back, the CEO of Blockstream and a figure frequently speculated to be the anonymous creator of
, Satoshi Nakamoto, has outlined a projected timeline for the current bull market cycle of Bitcoin (BTC). Back, who has historically been involved in key developments in the Bitcoin ecosystem, recently shared his assessment on social media, stating that the current cycle began in April 2024 and is expected to reach its peak by March 2028 [1]. His prediction is based on historical patterns observed in Bitcoin’s price cycles, including the prior cycle that started in May 2020 and peaked in March 2024 at $73,700.Back further explained that the four-year gap between historical peaks suggests the current cycle’s peak could fall in the last quarter of 2027 or the first quarter of 2028. He emphasized that while there may be short-term corrections, the overall trajectory remains bullish, with potential for new all-time highs in the coming years [1]. Some alternative views within the community suggest the previous peak occurred in November 2021 at $69,000, which would imply a four-year cycle ending in November 2025. However, Back disagrees with this shorter timeline, noting it does not align with the broader historical data he has analyzed.
At the time of writing, Bitcoin was trading near $122,795, having recently reached an all-time high of $123,091.61 on July 14, 2025. While these figures represent recent performance, they are distinct from the forecast content, which is based on Back’s analysis of long-term trends [1]. It is important to distinguish between current market data and projected outcomes, as the latter remains speculative and subject to change based on evolving market conditions.
Back’s statements, though speculative in nature, carry weight due to his long-standing contributions to Bitcoin’s development. His analysis is not investment advice but offers a structured framework for market participants to consider as they evaluate long-term strategies [1].
Source: [1] Adam Back, Rumored to Be Satoshi Nakamoto, Predicts the End Date of the Bull Run for Bitcoin (BTC) Price in This Cycle. (https://coinmarketcap.com/community/articles/689d0d2df4257750660a9107/)
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