Bitcoin OG bets surprising sum on BTC hitting $100K before the halving
Adam Back has joined a growing roster of market commentators who are bullish on the price of Bitcoin ahead of next year’s halving event. Blockstream CEO Adam Back, one of the crypto’s early pioneers, is pretty confident Bitcoin will hit an all-time high of over $100,000 before Bitcoin's halving in 2024 — and is willing to drop a million wagering on it. In an Aug. 7 conversation on X (formerly known as Twitter), Back agreed to a bet with pseudonymous X user @Vikingobbitcoin, that Bitcoin would reach $100,000 by March 31, 2024. Vinkingo however said they believe it won’t happen until 2025. The origins of the wager. Source: Twitter The wagered date comes in roughly a month before the halving — which is currently on track for April 26 — as Back believes that the price will “probably” reach a new all-time high sooner than the actual date of the halving . Bets on dramatic increases in the price of Bitcoin have attracted huge sums in the past, such as Balaji Srinivasan’s $1 million 90-...