AdamBack

When Adam Back talks about Bitcoin the smart ones pay attention. He is not just some early adopter or tech founder. He is one of the few names actually mentioned in Satoshi Nakamoto’s emails. Creator of Hashcash and now the CEO of Blockstream Adam has stayed loyal to Bitcoin’s core mission from the beginning. And recently he has been louder and more confident than ever.
In a recent interview Adam made a sharp point about timing the market. He compared trying to sell Bitcoin at the top to gambling in a rigged casino. His words were clear. The house always wins and the house in this case is Bitcoin’s long term trend. According to Adam the smart move is to hold and zoom out. Bitcoin has shown consistent long term growth and trying to catch small gains can cost you the bigger picture.
He also joked on social media about setting a buy order for the entire Bitcoin supply at two cents per coin. That sparked a lot of buzz but it was less about the actual trade and more a way to highlight how valuable Bitcoin is. Of course he is not expecting Bitcoin to fall to two cents. It was his way of saying there is no price too low for something this revolutionary.
At a recent event in Las Vegas Adam spoke alongside other heavyweights and did not hesitate to say that Bitcoin hitting one million dollars is absolutely possible. He stressed that we are still early in this cycle and that major institutional money is just starting to wake up. He talked about corporate treasuries state level adoption and sovereign wealth funds as the next big players to drive demand.
Another key message from Adam is to not overlook privacy. He is cautious about too much regulation especially when it comes to Know Your Customer rules and surveillance. For him Bitcoin is not just a digital asset. It is a tool for freedom and financial independence.
In summary Adam Back remains one of the most important voices in Bitcoin. He believes the fundamentals are stronger than ever. The mission is still alive. And the smart play is simple. Buy hold and tune out the noise. Bitcoin is not just an investment. It is a revolution in progress.
#AdamBack #satoshiNakamato
$BTC

Adam Back, CEO of Blockstream and one of the earliest figures mentioned in the Bitcoin whitepaper, recently stirred the crypto community with an eye-catching statement. In response to comments on Bitcoin’s price potential, Back revealed that he once placed a limit order to buy the entire supply of Bitcoin — all 21 million $BTC — at an incredibly low price of $0.02 per coin.
Back’s statement came in response to a post by Michael Saylor, Executive Chairman of MicroStrategy and a well-known Bitcoin advocate, who reiterated his bullish prediction that Bitcoin would eventually reach $1 million per unit. To this, Back replied that Bitcoin would never fall to zero because he had placed a standing order at $0.02 per $BTC to scoop up the entire supply, jokingly “outbidding” venture capitalist Alistair Milne, who once set a similar order for $0.01 per $BTC .
”$1 million Bitcoin it is then, as it’s not going to zero as I have a limit order at 2c/BTC for 21m BTC. Outbid @alistairmilne’s 1c with 2c/BTC 21mil BTC live order on @bitfinex,” Back posted on X (formerly Twitter) on June 14, 2025.
However, Back later clarified that this massive buy order was no longer active. He originally placed it back in 2020 but eventually canceled the order to use the funds to purchase Bitcoin at higher, more realistic prices.
“Well I got FOMO after a while, cancelled and used the liquidity to buy BTC. But it was a real live order for a while during 2020,” Back explained in a follow-up post.
Why This Is Impossible in Reality
While the idea of buying all 21 million Bitcoins for a fraction of a cent is amusing, it’s practically impossible. For one, more than 2 million BTC have yet to be mined, meaning they are not available for purchase. Furthermore, a significant portion of the already-mined 19 million BTC are held tightly by long-term holders, locked away in cold wallets, or owned by institutions such as Bitcoin spot ETFs and corporate treasuries like MicroStrategy.
MicroStrategy alone holds approximately 582,000 BTC, valued at over $61 billion at current market prices. Other financial giants such as BlackRock, Fidelity, Grayscale, and Bitwise are also heavily accumulating Bitcoin through their ETFs, further reducing available market supply.
Bitcoin Price Shows Strength Despite Recent Dip
Bitcoin’s price remains strong despite short-term volatility. After dropping by 4.33% on Friday — falling from over $108,000 to around $103,000 — the leading cryptocurrency rebounded by 2.35%, now trading slightly above $105,000.
Michael Saylor remains confident in Bitcoin’s long-term trajectory, recently stating, “If it’s not going to zero, it’s going to a million.” He believes that as more large-cap institutions accumulate Bitcoin, the availability of coins for sale will shrink dramatically, driving prices even higher. This accumulation trend is already well underway thanks to the growing influence of spot Bitcoin ETFs and corporate treasuries.

Blockstream CEO claims Ethereum Virtual Machine’s complexity enabled hackers to drain funds
Prominent crypto figure Adam Back, known as a cypherpunk and CEO of Blockstream, took to X to share his thoughts on the recent Bybit hack, where the exchange lost $1.4 billion in ETH.
Back pointed to Ethereum Virtual Machine (EVM) as the key factor that allowed hackers to successfully exploit the system and drain Bybit’s funds.
❌ Back Criticizes EVM Complexity as Ethereum’s Weakness
According to Adam Back, the primary issue lies in the complexity of Ethereum transactions, making the network vulnerable to attacks.
📌 How did hackers exploit this weakness?
🔹 EVM is overly complex, making it difficult for hardware wallets to interpret transactions.
🔹 Blind signing of Ethereum transactions introduces security risks.
🔹 Bybit attempted to transfer $100 million in ETH from its cold wallet to a hot wallet, but hackers manipulated the process, ultimately draining $1.4 billion in total.
Back described EVM as fragile, unsecure, and overly complicated, claiming that these weaknesses increase the risk of exploits.

🔍 How Did the Bybit Hack Happen?
Bybit suffered one of the largest crypto exploits in history.
🔸 The hack was likely carried out by North Korea’s Lazarus Group, a state-backed hacking organization.
🔸 Hackers exploited vulnerabilities in Ethereum smart contracts while Bybit was transferring funds internally.
🔸 Bybit claims that the liquidity gap in ETH has now been fully closed.
🤔 Could Ethereum Perform a Rollback? A Throwback to the DAO Hack in 2016
After the attack, several Bitcoin maximalists, including Samson Mow (CEO of JAN3), sarcastically asked Vitalik Buterin if Ethereum would roll back the blockchain to recover the lost funds.
This references the infamous 2016 DAO hack, where after a $60 million ETH exploit, the Ethereum community decided to hard fork, leading to the creation of Ethereum Classic (ETC).
🚨 However, Ethereum has no plans for a rollback this time – the Ethereum team stated that the hacker’s transactions were as valid as any other transaction on the network.
📢 What’s Next? Is Bitcoin’s Dominance Rising?
Back emphasized that Bitcoin is growing in dominance, while Ethereum faces criticism over its EVM security flaws.
⚠️ Could this hack be a wake-up call for the development of safer blockchain technologies?
⚠️ Will Bitcoin and simpler blockchain structures become the future?

#BybitHack , #CryptoNewss , #AdamBack , #CryptoSecurity , #blockchain

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Adam Back, CEO of Blockstream and one of the pioneers of Bitcoin, stated on May 15, 2025, that Bitcoin remains an undervalued asset with the potential to grow to $1 million per coin in the next decade. At the time of the statement, the price $BTC
fluctuates around $95,000, showing steady growth after the 2024 halving. Back stressed that the limited supply of Bitcoin (21 million coins) and increasing demand from institutional investors, particularly through ETFs, create ideal conditions for exponential growth.