Bitcoin OG bets surprising amount on BTC hitting $100,000 before halving
Adam Back has joined a growing list of market commentators who are bullish on Bitcoin's price ahead of the Bitcoin halving event. next year.
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Blockstream CEO Adam Back, an early crypto pioneer, is quite confident that Bitcoin will hit an all-time high of over $100,000 before Bitcoin's 2024 halving - and is ready to drop a million bets on it.
In an August 7 conversation on X (formerly known as Twitter), Back accepted a bet with pseudonymous X user @Vikingobbitcoin that Bitcoin would hit $100,000 by March 31, 2024. Vinkingo said they don't think it will happen until 2025.
The origins of the bet. Source: XThe betting date comes about a month before the halving - which is currently on track for April 26 - as Back believes the price will "probably" reach a new all-time high earlier than actual halving date.
Bets on dramatic increases in the price of Bitcoin have attracted huge sums in the past, such as Balaji Srinivasan's $1 million 90-day Bitcoin bet in March.
Beck has also been bullish about Bitcoin in the past, stating in February that Bitcoin could hit $10 million by the sixth halving in 2032.
This time, Back is setting up some hard-earned funds to support his latest claim. Unfortunately, it's a million satoshis, not US dollars. It is ...
Adam Back has joined a growing list of market commentators who are bullish on Bitcoin's price ahead of the Bitcoin halving event. next year.
News
Join us on social networks
Blockstream CEO Adam Back, an early crypto pioneer, is quite confident that Bitcoin will hit an all-time high of over $100,000 before Bitcoin's 2024 halving - and is ready to drop a million bets on it.
In an August 7 conversation on X (formerly known as Twitter), Back accepted a bet with pseudonymous X user @Vikingobbitcoin that Bitcoin would hit $100,000 by March 31, 2024. Vinkingo said they don't think it will happen until 2025.
The origins of the bet. Source: XThe betting date comes about a month before the halving - which is currently on track for April 26 - as Back believes the price will "probably" reach a new all-time high earlier than actual halving date.
Bets on dramatic increases in the price of Bitcoin have attracted huge sums in the past, such as Balaji Srinivasan's $1 million 90-day Bitcoin bet in March.
Beck has also been bullish about Bitcoin in the past, stating in February that Bitcoin could hit $10 million by the sixth halving in 2032.
This time, Back is setting up some hard-earned funds to support his latest claim. Unfortunately, it's a million satoshis, not US dollars. It is ...
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