Adam Back, CEO of crypto company Blockstream, stated that the price of Bitcoin (BTC) is far below its value.
Phenomenal Bitcoin supporter Adam Back attracted attention with a comment he made on social media. back, 24 October day Bitcoin Magazine by BlackRock’s iShares spot Bitcoin ETF a post about response By giving Bitcoin is currently be over 100 thousand dollars He argued that it should.
Adam Back explains the developments and fundamental analysis in the past period. 100 thousand dollars While arguing that it points to a Bitcoin price above realistic to be invited.
Adam Back also noted that spot Bitcoin ETF applications may be approved soon told:
Yes, the ETF will arrive soon, but all of these processes are procedurally normal. Yes, BTC, which is currently at the wrong price, should already be over $100k considering all the news flow and fundamental analysis. Let’s be realistic.
According to CoinGecko data, in the last week 22% rising Bitcoin, at the time of writing from $34,350 is being traded.