🚨 HOT NEWS: Blockstream CEO and renowned cryptographer Adam Back—one of the earliest Bitcoin contributors—has reportedly placed a **limit order to buy all 21 million BTC if the price ever drops to just $0.02 per coin 📉 That’s right, he’s poised to scoop up the entire Bitcoin supply… assuming it hits a near-zero price.
⚠️ Here’s the Big Catch:
The price would have to collapse by 99.99998%, essentially signaling Bitcoin’s total implosion.
At that point, network collapse, mining abandonment, and extreme illiquidity would render such an order effectively unfillable.
It's more a theoretical statement underscoring his belief in Bitcoin’s scarcity and resilience, rather than a realistic acquisition plan.
While this headline-grabbing order showcases Adam Back’s conviction in Bitcoin's long-term value, it's not a practical strategy unless the network completely breaks down.
