From Investing.com

February 20, 2025 10:30 AM:

Cypherpunk co-founder Adam Back is optimistic about Bitcoin’s future as the price of BTC surpasses $97,000. Back believes that Bitcoin’s scarcity and security features make it a valuable asset in the long term. He also highlights the increasing institutional interest in Bitcoin as a positive sign for its adoption.

Back’s bullish outlook on Bitcoin is supported by its limited supply of 21 million coins and its decentralized nature. He emphasizes the importance of Bitcoin’s security and censorship resistance, which are key factors driving its price growth. Back’s belief in Bitcoin as a store of value is strengthened by its growing acceptance among institutional investors.

As Bitcoin continues to rise in value, Back’s optimistic stance on the cryptocurrency market remains strong. He sees Bitcoin as a digital gold that can provide a hedge against inflation and economic uncertainty. Back’s bullish case for Bitcoin is reinforced by its increasing mainstream adoption and recognition as a legitimate asset class.

Read more at Investing.com: Adam Back Makes Bullish Case for Bitcoin as BTC Price Reclaims $97,000