Blockstream Adam Back, which was mentioned in the White Bitcoin paper, announced that he had taken measures to prevent bitcoin from collapse near zero.
He says that in the event of this, he will buy every 21 million bitcoin at a low price.
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Places of return to some extent to buy all BTC at $ 0.02, here is hunting
Commenting on a recent tweet issued by Michael Sailor, Bitcoin Bull and CEO of the strategy, who said Bitcoin would go to a million dollars per unit, Back stated that he did his best to prevent the deep BTC crash. What the back did is to put the boundary matter in the BitFinex exchange to buy all Bitcoin that it can reach if it is disrupted to 2 cents.
It seems, apparently, to the output of the project’s investor and capitalist Alexeer Millen, who issued a similar but on Bitcoin fell to 1 percent. However, as the back explained in the comments, he and Millen put these bids in 2020 and canceled it again and “use liquidity to buy BTC”.
Even if Bitcoin is already crashed, buying the entire BTC is just a joke because about two million BTC is still unlocked, and the majority of 19 million BTC exceeded that was already extracted in cold storage portfolios or by ETF Spot Spot and Bitcoin, such as the Silor strategy mentioned above. This company currently owns 582,000 BTC with a value of more than $ 61 billion in total.
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Silor says that bitcoin will reach one million
After Bellweether Cryptocurrency, BTC, on Friday, lost nearly 4.33 % and decreased from $ 108,000 to $ 103,000, Bitcoin rose rapidly, adding 2.35 %. Currently, the digital gold changes the hands slightly higher than $ 105,000.
Silor tweeted that “if not the case, he will go to a million, in reference to Bitcoin and leads to a wave of positive comments from the encryption community, including Adam Back described above.
In one of the last interviews, Silor said he did not expect bitcoin sellers to leave as soon as companies with large capitalism intervene to the accumulation of BTC. This really happens not only thanks to the strategy but also thanks to the Spot Bitcoin Etfs (Blackrock, Fidelity, BitWise, Grayscale, etc.) who accumulate BTC every week since its launch in January 2024.
