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Simply Bitcoin
Adam Back Predicts $700k Bitcoin this Cycle | EP 880
Dec 4, 2023
Adam Back, CEO of Blockstream, predicts a $700k Bitcoin price during this halving cycle. The podcast discusses the upcoming Bitcoin conference in Portugal, secure storage of seed phrases using titanium plates, the power of Bitcoin amidst rising global issues, and the progress of Bitcoin adoption in Madeira. Adam Back's bullish prediction is contrasted with Christine Lagarde's remarks and the impact of the Bitcoin hash rate crash.
54:07
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Quick takeaways
- Adam Back predicts a $100,000 Bitcoin before the halving and a $1 million Bitcoin as the cycle's top.
- Increasing adoption of Bitcoin ETFs and countries like El Salvador embracing the cryptocurrency support Bitcoin's potential price surge.
Deep dives
Adam Back predicts $100k Bitcoin before the halving
Adam Back made a bold prediction, stating that Bitcoin could reach $100,000 before the upcoming halving. He believes that Bitcoin's digital gold narrative will eventually flip physical gold, which could contribute to its price surge. Back's confidence in Bitcoin's success is driven by factors such as the increasing adoption of Bitcoin ETFs and the positive outcomes of countries like El Salvador adopting the cryptocurrency.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode