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On The Margin
The Path To $100,000 Bitcoin | Adam Back
Nov 8, 2023
Adam Back, Co-Founder & CEO of Blockstream, discusses Bitcoin cycles, lightning network developments, Bitcoin ETF, and undervalued Bitcoin. The podcast also covers the mining sector, Bitcoin's path to $100,000, correlation between hash rate and security, and Blockstream's ASIC product.
01:02:46
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Quick takeaways
- Bitcoin's increasing acceptance and adoption by major financial institutions indicate that it is being taken more seriously as an asset.
- Bitcoin may become an attractive long-term store of value for investors seeking alternatives to the bond market.
Deep dives
Bitcoin's Growing Acceptance in the Financial World
The podcast episode discusses how Bitcoin is gradually gaining acceptance and understanding from the conventional finance world. Major US financial institutions are trying to get a spot ETF approved and are offering Bitcoin-related financial products to their clients. This increased interest and adoption from the financial sector are significant indicators that Bitcoin is being taken more seriously. Additionally, the discussion explores the importance of Bitcoin as a hedge against the current macroeconomic and geopolitical uncertainties.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode