During the Paris Blockchain Week conference, Blockstream CEO and long-time Bitcoin supporter Adam Back advised ordinary people to start acquiring more bitcoins before it is adopted by the government.
Considering that the price of bitcoin has significantly decreased due to the tariff war between the US and the rest of the world, Back was asked how relevant his advice is under the current conditions.
The market situation shows that BTC clearly correlates with traditional finance and is following a comparable downward trend. Last Friday, bitcoin seemed to decouple from stocks, but later followed the same downward trajectory of Monday's crash, dropping to $75,000.
