During the current Blockchain conference in Paris, Adam Pak, CEO of Blockstream and Pitcoin for a long time, said that ordinary people should start getting more BTC before the government’s potential adoption.
It also briefly spoke about the threat of quantum computer as well as the current market conditions.
Given the current circumstances, the back was first asked about the ongoing trade war between the United States and the rest of the world, which was intensified last week after the latest tariffs and warnings of Trump against China.
The market conditions of encryption as well as traditional financing were strange, with huge fluctuations, most of which are corrections. However, Bitcoin was also separated from the shares on Friday, but it followed the same path later during the crash of the two to less than 75,000 dollars.
In fact, Back believes that BTC is dealing with the crisis relatively well, as it has not tested a significant decrease in prices, especially as it does not contain “circuit breakers” unlike stocks.
He pointed out that people should focus in the long run, adding that Trump’s tariff is probably a negotiation game that may eventually end with hurting ordinary people as they have to pay the costs of height.
Regarding government adoption, such as reports that the United States can build its BTC cache, Back said that retailers and working class should focus on getting more bitcoin before governments.
Regarding the topic of quantum computers and the potential threat they could form to Bitcoin, he once again said that Maxis should not reduce the actual danger, but technology may be two decades away. Meanwhile, the Bitcoin community will develop a new system that can help the cryptocurrency to avoid.
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