Adam Back Says US Government Selling Bitcoin Is Good for HODLers
According to the recent X post by Blockstream CEO Adam Back, the US Government offloading its Bitcoin stack is good for long term HODLers.
Bitcoin developers believe Sidechains that allows creating new currency within the bitcoin network could turn bitcoin in the main Internet reserve currency.
According to the recent X post by Blockstream CEO Adam Back, the US Government offloading its Bitcoin stack is good for long term HODLers.
In addition to using BTC on X, Musk hinted at the possibility of using BTC as currency on Mars.
Anticipation is building for the approval of a spot Bitcoin ETF in January 2024. If it happens, it could bring a significant influx of at least $12 billion to $14 billion into the BTC market, potentially driving up the price.
While all the predictions from influential figures and institutions mentioned in our article provide intriguing insights, it’s always crucial to approach them with caution.
Back’s optimism does not solely hinge on the halving. The Blockstream CEO is confident that Bitcoin will scale new heights even before the event.
Adam Back did not comment on the exact size of the offering and who the top backers are this time. However, he made it clear that the funds will be used to expand the company’s mining capabilities.
The thing is that the Hashcash system Adam Back was working on is similar to Bitcoin code, which means they were made on the same PC.
The report that has been authored by Doncho Karaivanov reviews different factors before settling on the conclusion that Satoshi lived in London.
Blockstream’s Adam Back is rather bullish about the future of Bitcoin. He said that the level of $300K per Bitcoin is real.
The current XRP price is around $0.25. We’ve analyzed some factors that may help XRP to get a great bump and increase its value to $692 per coin in 2020.