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Blockstream CEO Adam Back Wagers One Million Satoshis on Bitcoin Hitting $100K Before 2024 Halving

Adam Back, CEO of Blockstream and an early pioneer of cryptocurrency, has bet one million satoshis (worth $290) that Bitcoin will reach an all-time high of over $100,000 before the halving in 2024. Back believes the price will reach this level sooner than the actual date of the halving, which is currently on track for April 26. Despite the small bet, it reflects a growing bullish trend on the price of Bitcoin among market commentators and analysts ahead of next year’s halving. Other Bitcoiners, such as Samson Mow, also expect a new all-time high for Bitcoin before the halving.

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