Adam Back, a British cryptographer and co-founder of blockchain tech company Blockstream, believes Bitcoin (BTC) reaching $100,000 is way overdue and a matter of when, not if.
According to a Thursday tweet by the famous Bitcoin proponent, there is little market euphoria as the leading digital asset records $1,000-$5,000 green candles because the community expects a $100,000 all-time high (ATH) soon.
BTC at $100K Way Overdue
Within the past month, BTC has recorded more than 46% gains, surpassing a previous ATH of $69,000 set in the last bull run. The cryptocurrency soared past $70,000 earlier this week, exceeding $72,000 and $73,000 on Monday and Wednesday, respectively. Data from CoinMarketCap showed BTC hovering around $73,400 at the time of writing.
Back noted that Bitcoin’s latest feat received a lackluster reaction from crypto community members. “No one said anything,” he remarked.
The Blockstream CEO thinks the community’s reaction was due to a general belief that BTC hitt
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