Blocktrainer.de (German content): Adam Back bets on Bitcoin: 100,000 US dollars before the Halving Event!
Adam Back, co-founder and CEO of Blockstream, has made a bet on Twitter or "X", as the platform is now called. He believes that Bitcoin will reach a new high of over 100,000 US dollars before the next "Halving" in 2024.
Adam Back wettet auf Bitcoin: 100.000 US-Dollar noch vor dem Halving-Event!
#Bitcoin #AdamBack
https://www.blocktrainer.de/adam-back-wettet-bitcoin-100-000-usd/
I thought the bet was one million sats?
It was
Never trust the MSM
This was the bet of Balaji Srinivasan, the entrepreneur, investor and former Chief Technology Officer (CTO) of Coinbase. That was indeed a USD 1 million bet but this is completely different. Adam Back is of a very different calibre. Given that Back is a multimillionaire and in possession of an estimated thousands of BTC, this amount is nevertheless more symbolic. At current prices, this corresponds to just under 300 US dollars; if his prediction is correct, it would then be around 1,000 US dollars.
Despite the low stake, the bet has an enormous symbolic character. Only time will tell whether the prediction of the Bitcoin legend Back will actually be correct.
Here is an article on the Balaji bet:
https://bitcoinmagazine.com/culture/why-did-balaji-srinivasan-bet-1-million-on-bitcoin
Got you, my bad!
