A post by Adam Back from 2013 has resurfaced and gained popularity in 2025 due to its relevance, becoming an important part of today's Bitcoin discussions.
When Bitcoin Was $100
In 2013, when Bitcoin had just crossed the $100 mark, investors were questioning whether they had missed the opportunity to buy. Adam Back pointed out in his post that even if someone bought Bitcoin at $30 or $100, they might still feel early in 10 years.
Relevance of Adam Back's Post
Fast forward to 2025, and the post has become popular again on social media. Users quickly shared screenshots, highlighting how relevant it still feels. Back commented that many still think they are late to the game, reflecting the sentiments of 2013. He identifies this confusion as one of the reasons Bitcoin remains undervalued, even as its price reaches $100,000.
Comparison of Bitcoin and Altcoins
Adam Back points to data showing that on-exchange Bitcoin is steadily decreasing. While institutional interest in Bitcoin through ETF products and venture investments is growing, he suggests that the altcoin cycle has already peaked. The Bitcoin dominance index has doubled over the past few years.
In conclusion, Adam Back emphasizes Bitcoin's significance and notes that as institutional interest grows, the number of available coins on the market decreases, making it a promising asset.
