Can Bitcoin Touch $100K Before 2024 Halving: Crypto Bro Wagers 1M Satoshis
Portfolio Pulse from Mehab Qureshi
Blockstream CEO Adam Back has wagered 1 million satoshis (equivalent to $290) that Bitcoin (BTC) will reach a new all-time high of over $100,000 before its halving event in 2024. This prediction was made during a conversation on X (formerly known as Twitter) with a pseudonymous user, @Vikingobbitcoin, who believes that Bitcoin will not hit $100,000 until 2025.
August 07, 2023 | 4:43 am
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The prediction by Blockstream CEO Adam Back that Bitcoin will reach $100,000 before its 2024 halving could potentially influence the market sentiment and drive the price of Bitcoin up in the short term.
Predictions from influential figures in the cryptocurrency industry can significantly impact market sentiment. If investors believe in Back's prediction, they may buy Bitcoin in anticipation of the price increase, which could drive the price up in the short term.
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