Blockstream CEO Adam Back bets one million satoshis (worth about $290) on Bitcoin, reaching a record high of over $100,000 before its 2024 halving.
Crypto analyst Ali Martinez suggests Bitcoin’s current trajectory resembles the 2013-2017 cycle, potentially leading to substantial profitability by 2024-2025.
Adam Back, the CEO of Blockstream and an early pioneer in the crypto space, expressed strong optimism that Bitcoin will reach a record high of more than $100,000 before its halving event in 2024. He demonstrated his confidence by agreeing to a significant wager of one million dollars on this prediction.
Wanna bet me?
— Vikingo (@Vikingobitcoin9) August 4, 2023
During a conversation on X on August 7, Back engaged in a bet with a user named @Vikingobbitcoin, who preferred to remain anonymous. @Vikingobbitcoin argued that Bitcoin would not achieve this milestone until 2025, contrasting Back’s belief that it would happen by March 31, 2024.
The bet’s proposed timeframe falls ap
