Adam Back, renowned cryptographer and CEO of Blockstream, has voiced support for Michael Saylor’s prediction that Bitcoin could reach $1 million.
Support for Michael Saylor's Prediction
Adam Back, a longtime Bitcoin maximalist, reaffirmed his belief in the long-term potential of the cryptocurrency by supporting Michael Saylor's prediction that Bitcoin could reach $1 million.
Humorous 2-Cent Limit Order
While endorsing the million-dollar target, Adam Back added a humorous twist, claiming to have placed a 2-cent limit order on all 21 million BTC. This isn’t a real trade; it’s more a classic crypto joke. “If it ever hits bottom, I’m buying it all.” This reflects the fantasy of acquiring Bitcoin at its earliest and cheapest while acknowledging those days are long gone.
Long-Term Vision for Bitcoin
Back’s endorsement aligns with Saylor’s vision and indicates that two major voices are doubling down on Bitcoin’s future. These statements could help rally the Bitcoin community, reinforcing bullish sentiment amid volatility.
While Adam Back’s 2-cent limit order is primarily humorous, it highlights a deeper truth: key figures in crypto believe Bitcoin has significant upside potential. As Bitcoin adoption increases and macro narratives shift, the prospect of $1 million may not be as far-fetched as it seems.
