{"id":82689,"date":"2023-08-07T10:37:18","date_gmt":"2023-08-07T07:37:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82689"},"modified":"2025-09-12T06:37:26","modified_gmt":"2025-09-12T03:37:26","slug":"blockstream-ceo-bets-btc-to-reach-100000-before-the-halving","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blockstream-ceo-bets-btc-to-reach-100000-before-the-halving\/","title":{"rendered":"Blockstream CEO bets BTC to reach $100,000 before the halving"},"content":{"rendered":"

A pioneer of the crypto industry and Blockstream CEO Adam Back placed a million satoshis (0.01 BTC) on Bitcoin reaching $100,000 before the halving.<\/p>\n

\\\"CEO
Data: X<\/a>.<\/figcaption><\/figure>\n

Back agreed to a bet with a user on the platform X (formerly Twitter<\/a>) under the handle Vikingo. In the latter’s view, the price of digital gold would reach $100,000 no earlier than 2025. The head of Blockstream is confident it will happen by March 31, 2024.<\/p>\n

The next Bitcoin halving is expected about a month after Back’s date. The block reward in the network will drop from 6.25 BTC to 3.125 BTC.<\/p>\n

The former Blockstream chief strategy officer and Jan3 CEO, Samson Mow, also wrote that he expects a new all-time high before the halving, not after.<\/p>\n

\\\"CEO
Data: X<\/a>.<\/figcaption><\/figure>\n

In March, the former Coinbase CTO Balaji Srinivasan bet $1 million<\/a> that Bitcoin would reach $1 million within 90 days. In May, he prematurely admitted defeat<\/a> and donated the losing sum.<\/p>\n

The bet proposed by Back to his opponent stands at roughly $290 at the time of writing. The amount has elicited a string of snarky comments. Independent developer Udi Wertheimer offered to help finance the bet.<\/p>\n

\\\"CEO
Data: X<\/a>.<\/figcaption><\/figure>\n

Some users noted that if Back wins, the stake would rise to $1,000. His personal fortune is estimated at $100\u2013300 million.<\/p>\n

In 2021 Blockstream raised $210 million in a Series B funding round, valuing the company at $3.2 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blockstream CEO Adam Back bets BTC to reach $100,000 before the halving.<\/p>\n","protected":false},"author":1,"featured_media":82690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[689,1146,1138],"class_list":["post-82689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-adam-back","tag-cryptocurrency-market-forecasts","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=82689"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82689\/revisions"}],"predecessor-version":[{"id":82691,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82689\/revisions\/82691"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/82690"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=82689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=82689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=82689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}