Bitcoin Price Set to Challenge Gold as Top Inflation Hedge? Adam Back Sees Rising Crypto Adoption Ahead

At Paris Blockchain Week 2025, Blockstream CEO Adam Back shared a bold forecast. He says the Bitcoin price could rival gold as an inflation hedge over the next decade. He highlighted the growing crypto adoption fueled by monetary instability, spot ETFs and a friendlier regulatory climate under President Trump. Back emphasized BTC’s scarcity likening it to gold but with a rising adoption curve. He believes inflation could average 10%–15% in the coming decade, boosting its appeal as a geopolitical and economic safe haven. This statement comes as the BTC price consolidates amid global uncertainty and evolving economic conditions.

Bitcoin Price Could Compete With Gold as Inflation Hedge

During a fireside chat at Paris Blockchain Week 2025, Blockstream CEO Adam Back said the Bitcoin price could eventually compete with gold as a hedge against inflation and geopolitical risks. “Bitcoin has the advantage of being like gold, it’s a scarce asset but also undergoing an adoption curve,” Back explained.

He pointed out that global inflation, driven by excessive money printing, is pushing investors toward scarce, long-term assets. Back suggested inflation could average between 10% to 15% for the next decade, levels difficult to match through traditional investments like housing or stocks. As a result, Bitcoin’s appeal as a store of value is likely to grow.

In support of increasing crypto adoption, Back referenced the approval of Bitcoin spot ETFs in the US and a more welcoming approach under the Trump administration. He credited these moves for removing barriers like “Operation Chokepoint 2.0,” which previously hindered crypto growth.

Back also emphasized the importance of individual adoption over governmental, warning that once governments start buying Bitcoin, “a wave of other governments competing with them” could follow. With the BTC price stabilizing around key support levels, the crypto community is watching closely for the next major shift in market dynamics.

Bitcoin Price Prediction for April 8

The trading day of April 7th kicked off with bullish momentum. However, a Death Cross on the MACD line at 02:20 UTC signaled an incoming downtrend, leading BTC into an oversold zone. By 07:00 UTC, BTC touched $74,508.11, marking a significant test of support. Soon after, at 07:20 UTC, a Golden Cross triggered a bullish reversal. The price surged upward, hitting overbought RSI territory around 14:10 UTC and finding strong resistance at $81,253.83.

Chart 1, analyzed by ShwetaCW, published on TradingView, April 8, 2025

As illustrated in Chart 1, at 17:15 UTC, another Golden Cross signaled sustained bullish pressure, which continued into the evening with overbought conditions at 22:50 UTC and again at 01:50 UTC on April 8th. However, this was followed by a Death Cross, reversing the momentum and ushering in bearish sentiment. According to current Bitcoin price prediction models, if this bearish trend holds, BTC could break the critical support near $77,154.53 and drop lower. On the flip side, if bulls regain control, a breakout above $81,253.83 could push the BTC price toward $82,000 and potentially set the stage for further gains.

Bitcoin’s Future: Inflation Hedge or Price Risk?

Adam Back’s remarks highlight growing confidence in Bitcoin as a hedge amid inflation fears. With rising crypto adoption and macroeconomic shifts, Bitcoin price could gain traction. If bullish momentum continues, Bitcoin could break the $81,253.83 resistance and aim for $82,000. However, if bears take control, it may dip below $77,154.53. Either way, Bitcoin is poised to rival gold in the long run.