Bitcoin OG bets surprising sum on BTC hitting $100K before the halving

Blockstream CEO Adam Back, one of the cryptos early leaders, is pretty confident Bitcoin will strike an all-time high of over $100,000 before Bitcoins halving in 2024– and is ready to drop a million wagering on it.In an Aug. 7 conversation on X (previously understood as Twitter), Back concurred to a bet with pseudonymous X user @Vikingobbitcoin that Bitcoin would reach $100,000 by March 31, 2024. Becks likewise been bullish about Bitcoin in the past, stating in February that Bitcoin might reach $10 million by the 6th halving in 2032. Therefore, its a rather small bet for Back, provided his net worth is approximated to be someplace in between $50 and $300 million.Related: How will Bitcoin cutting in half impact BTC rate, and is DeFi dead?However, in a response to Backs initial post, Jan3 CEO and fellow Bitcoiner Samson Mow stated that he too anticipates a new all-time high for Bitcoin “pre halving, not post.

Despite the little bet, it has actually drawn in some snide replies in the actions– however still shows a growing bullish pattern on the rate of Bitcoin amongst market analysts and analysts ahead of next years halving. Meanwhile, in a Feb. 24 interview with Cointelegraph, Charles Edwards, the creator of Capriole Investments, stated that the upcoming halving will see Bitcoin become the “hardest asset on the planet” and anticipated that the marketplace is already in the early stages of a new bull cycle. Magazine: Deposit threat: What do crypto exchanges actually finish with your cash?

Blockstream CEO Adam Back, one of the cryptos early pioneers, is pretty confident Bitcoin will strike an all-time high of over $100,000 prior to Bitcoins halving in 2024– and is prepared to drop a million betting on it.In an Aug. 7 discussion on X (formerly known as Twitter), Back concurred to a bet with pseudonymous X user @Vikingobbitcoin that Bitcoin would reach $100,000 by March 31, 2024. Becks likewise been bullish about Bitcoin in the past, stating in February that Bitcoin might reach $10 million by the 6th halving in 2032. Therefore, its a rather small bet for Back, provided his net worth is approximated to be somewhere in between $50 and $300 million.Related: How will Bitcoin halving impact BTC rate, and is DeFi dead?However, in a response to Backs initial post, Jan3 CEO and fellow Bitcoiner Samson Mow said that he too anticipates a brand-new all-time high for Bitcoin “pre halving, not post.