Blockstream CEO and legendary cryptographer Adam Back, who’s even cited in the original Bitcoin whitepaper, just made headlines with a bold and bizarre claim: If Bitcoin ever crashes to near-zero, he’ll buy every single coin in existence.
But don’t get too excited — there’s a twist. 👇
🧠 Back’s “Anti-Zero” Insurance Plan
Responding to Bitcoin mega-bull Michael Saylor, who reiterated his $1M BTC forecast, Adam Back revealed that he once placed a limit order on Bitfinex to scoop up 21 million BTC at just $0.02 each.
Yes, you read that right — 2 cents per coin. That would amount to just $420,000 for the entire supply of Bitcoin.
“$1 million Bitcoin it is then. It’s not going to zero, because I had a live order at $0.02/BTC for all 21M coins,” tweeted Back, cheekily adding he outbid @alistairmilne’s $0.01 order.
Turns out, these bids were placed back in 2020, and both he and Milne eventually cancelled their orders. Why?
Back admitted:
“I got FOMO, cancelled it, and used the liquidity to actually buy BTC instead.”
🏦 Reality Check: You Can’t Buy What You Can’t Reach
Even if Bitcoin did crash — and that’s a massive “if” — actually acquiring all 21 million BTC is fantasy.
Here’s why:
~2M BTC are permanently lost or unrecoverable 💀
The rest is held tightly in cold wallets, ETFs, and corporate treasuries (like Saylor’s 582,000 BTC stash worth $61B+)
Spot ETFs (BlackRock, Fidelity, Grayscale) are stacking sats weekly since Jan 2024
In other words: Good luck getting your hands on it, even at $0.02.
📈 Bitcoin Price Update & Saylor’s Bold Call
BTC dipped ~4.33% on Friday, falling from above $108K to $103K, but bounced back with a +2.35% recovery, now trading above $105K.
Saylor’s comment that “If it’s not going to zero, it’s going to a million” ignited a wave of bullish reactions — including Back’s cheeky revelation.
With institutions still buying every dip, it’s becoming clear:
The real FOMO hasn’t even begun.
💬 Do you think BTC will ever touch $0.02 again? Or are we headed straight for $1 million?
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