$100K is Highly Possible in Bitcoin

Adam Back, one of the first to buy the leading cryptocurrency Bitcoin, said, “$100K is highly possible in Bitcoin.”

One of the first members and developers of the Bitcoin and cryptocurrency universe, Adam Back, who was alleged to have met with Satoshi Nakamoto for a while and even claimed to be Nakamoto himself, was a guest of Anthony Pompliano's podcast. Stating that the leading cryptocurrency is likely to go to the level of 100 thousand dollars this year, Back also mentioned the option of 500 thousand dollars. Back said: "We're seeing more adoption in emerging markets. It's starting to be used more as a payment option in the West. There are interesting styles like the stock-to-flow model. We'll see if that evolves. My comparison is with gold. I think Bitcoin is better than physical gold in every sense. I think it's good. Based on how many coins there are in total, only from this perspective, there is a high probability that it will reach 100 thousand dollars at the end of the year. In the long run, I think it will also reach 500 thousand dollars." Adam Back is known as one of the first to receive an email from Satoshi Nakamoto, the creator of Bitcoin. He is also notable for being one of the first Bitcoin holders. Since Back, one of the founders of Blockstream, is British and Nakamoto sometimes writes in British English, allegations are made that Satoshi is himself. Back has denied these allegations for years, saying he doesn't know Satoshi.