From Investing.com

April 23, 2025 2:00:00 pm:

Adam Back, co-founder of Blockstream, believes that Bitcoin is still cheap at a price under $100,000. He stated that the current price level is a good entry point for investors. Back also pointed out that the digital asset has a limited supply of 21 million coins, making it a valuable investment.

Back’s comments come as Bitcoin’s price hovers around $60,000, well below its all-time high of over $64,000. He emphasized that Bitcoin’s scarcity and growing adoption make it a solid long-term investment. Back’s bullish outlook on Bitcoin reflects the positive sentiment among many cryptocurrency investors.

Despite recent volatility in the crypto market, Back remains optimistic about Bitcoin’s future price potential. He believes that the leading cryptocurrency has the potential to reach much higher price levels in the coming years. Back’s confidence in Bitcoin’s long-term value is shared by many other prominent figures in the crypto space.

Back’s perspective on Bitcoin’s price underscores the growing mainstream acceptance of the digital asset. As more institutional investors and corporations embrace Bitcoin, its price is expected to continue its upward trajectory. Back’s endorsement of Bitcoin as a valuable investment opportunity may influence others to consider adding the digital asset to their portfolios.

In conclusion, Adam Back’s view that Bitcoin is still cheap at a price under $100,000 highlights the strong fundamentals of the digital asset. With its limited supply and increasing adoption, Bitcoin remains an attractive investment option for those looking to diversify their portfolios. Back’s endorsement of Bitcoin’s long-term value adds to the positive sentiment surrounding the leading cryptocurrency.

Read more at Investing.com: Bitcoin (BTC) Price Under $100,000 Is Cheap: Adam Back