Adam Back, CEO of Blockstream, claims that Bitcoin has demonstrated resilience during recent market turmoil, especially regarding geopolitical tensions and tariffs. He notes that while Bitcoin may experience short-term fluctuations alongside stocks, its long-term trajectory indicates a robust bullish trend. Back emphasizes that Bitcoin has increased five to six times since the market's low three years ago, indicating a significant decoupling from traditional assets. He highlights factors such as regulatory clarity, institutional interest, and the impact of exchange-traded funds (ETFs) as key drivers for future adoption. Notably, Back mentions that entities like BlackRock and sovereign wealth funds are slowly accumulating Bitcoin, which could further enhance demand. He also speculates that governments may start acquiring Bitcoin, potentially influencing its market dynamics. Despite the potential for volatility, he remains optimistic about short-to-mid-term price movements, citing historical patterns in bull markets. Overall, Back's insights suggest a promising outlook for Bitcoin amid current economic challenges.

Source 🔗