Bitcoin Below $100,000: Adam Back Calls It a Golden Opportunity

Jakarta, Pintu News – Adam Back, CEO and founder of Blockstream, also known as cypherpunk and mentioned in Satoshi Nakamoto’s Bitcoin white paper, recently gave his views on the cryptocurrency market and the future of Bitcoin (BTC).

According to him, the current Bitcoin price below $100,000 is an opportunity that should not be missed. Back states that buying Bitcoin at the current price is a wise decision.

In a discussion on the X platform, Back referred to comments from Matt Hougan, CIO of Bitwise, stating that Bitcoin will experience a more significant price increase once it reaches $100,000.

Hougan explained that the current Bitcoin price increase was triggered by unstable global economic conditions. “Bitcoin is rising because they have damaged the economy,” Hougan said.

Analysis of Bitcoin Price Increase

In the last 24 hours, Bitcoin (BTC) experienced a surge of 6.5%, from $88,590 to $94,355. However, a slight decline brought the price of Bitcoin back to the $93,650 level. This increase shows the market’s response to current economic conditions and Bitcoin’s future growth potential.

Back and Hougan both believe that once the US government starts taking steps to improve the economy, Bitcoin will experience a sharper rise. This shows that Bitcoin is not only a speculative asset, but also a responsive indicator to global economic conditions.

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A Long-Term View on Bitcoin

According to Adam Back, Bitcoin (BTC) still has a lot of room to grow. He emphasizes that Bitcoin is not just a short-term investment, but also a potential long-term asset. With the ever-changing economic conditions, Bitcoin is considered as one of the reliable assets to secure value.

Back also advises investors to look beyond daily price fluctuations. A focus on Bitcoin’s long-term potential would be more beneficial, especially when viewed as a hedge against inflation and economic uncertainty.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Adam Back/u.today. Bitcoin (BTC) Price Under $100,000 Is Cheap: Adam Back. Accessed on April 25, 2025
• Featured Image: Generated by Ai