🚨 Adam Back’s Wild Bitcoin Bet: “I’ll Buy ALL 21M BTC at $0.02!” 😱💸
But there’s a twist you should know… 👇
Blockstream CEO and Bitcoin OG Adam Back, famously mentioned in the original Bitcoin whitepaper, just reignited an old story — and crypto Twitter is buzzing.
🎯 What Happened?
In response to Michael Saylor’s bold tweet that “Bitcoin is going to $1 million”, Back revealed he once placed a limit order on Bitfinex to buy all 21M BTC if the price crashed to $0.02 — just to make sure it never goes to zero. 🛡️
Yes, really.
👀 “Outbid @alistairmilne’s 1¢ bid with my own 2¢/BTC for 21M BTC.”
But here’s the catch:
He later admitted he got FOMO and canceled it… and used the funds to just buy BTC instead. 🫣
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📉 BTC Price Update
After dipping 4.3% below $103K, Bitcoin has bounced back and is now trading above $105K.
🔥 Michael Saylor doubled down: “If it’s not going to zero, it’s going to a million.”
Backed by:
✅ Bitcoin spot ETFs (BlackRock, Fidelity, Grayscale, etc.)
✅ Treasury holdings like Saylor’s MicroStrategy — now owning 582,000 BTC worth over $61B
✅ Long-term cold storage holdings — millions of BTC are unmovable
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💭 Why This Matters
Even though Back’s 2¢ bid was symbolic, it highlights deep-rooted belief in BTC’s long-term future.
Supply is tight. Demand is growing. And institutional giants are stacking weekly.
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🗣️ What’s Your Take?
Is Bitcoin really on a one-way path to $1M?
Or just another hype cycle in play?
💬 Drop your thoughts below! 👇
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