The Bitcoin Infinity Show cover image

The Bitcoin Infinity Show

Adam Back on Bitcoin Adoption and Innovation - Freedom Footprint Show 50

Sep 12, 2023
Dr. Adam Back, co-founder and CEO of Blockstream, discusses Blockstream's projects, Bitcoin's second layer solutions, Drivechain debate, Liquid adoption, threat to Bitcoin, ownership, CBDCs, and Bitcoin adoption.
01:21:08

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Limited supply of Bitcoin may make it unaffordable for new buyers as the price goes up.
  • Miners selling fewer coins as the price increases creates positive feedback loop and further price momentum.

Deep dives

The Limited Supply of Bitcoin and Increasing Demand

In the podcast episode, the guest discusses the limited supply of Bitcoin and the increasing demand for it. He mentions that currently, there are about a million addresses with one Bitcoin or more, and the question is raised about what happens when the next million people want to buy Bitcoin. The guest suggests that the prospect of 10 million bitcoins being bought may not be possible due to the limited supply of 21 million bitcoins. As more people try to buy, the price will go up, making it unaffordable for some.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner