Blockstream CEO Adam Back has projected that Bitcoin could reach $1.5 million per coin if its market capitalization matches that of gold. Speaking at the Global Alts Miami 2026 conference, Back highlighted Bitcoin's potential as a digital alternative to traditional safe-haven assets, citing its limited supply and decentralized nature. He noted that Bitcoin has delivered strong long-term returns, outperforming many traditional assets on a risk-adjusted basis. Institutional interest in Bitcoin is growing, with structured allocations often around 2% of diversified portfolios. Recent data shows spot Bitcoin ETFs recorded $1.1 billion in inflows in early March, indicating renewed demand from large financial institutions. Back's comments underscore the ongoing debate about Bitcoin's role as a store of value and its potential to rival gold's market cap.