The co-founder and CEO of Blockstream, Adam Back, has been a staunch advocate of Bitcoin since its inception. He was even mentioned in the BTC white paper by Satoshi Nakamoto. In a recent statement, he joked that he had taken steps to prevent BTC from collapsing to zero.

This humorous announcement from Adam Back follows a tweet from Michael Saylor, Executive Chairman of MicroStrategy, who stated: "if Bitcoin doesn't go to zero, it will go to a million."

Adam Back responded by saying that he had done his best to prevent a collapse to zero of BTC by placing a limit order on the Bitfinex platform to buy all Bitcoins at $0.02 if the price ever dropped to that level! That still represents $420,000 tied up in a buy position.