The post Bitcoin Price $100K Overdue: Adam Back appeared first on Coinpedia Fintech News
Adam Back suggests Bitcoin’s march towards $100,000 is overdue. Adam Back, a figure revered within the cryptocurrency community recently pointed out that Bitcoin’s ascent to its new ATH $73,737 has been met with less enthusiasm. The conversation has shifted from if to when Bitcoin will hit the six-figure threshold. Adam had also predicted that the Bitcoin price could surpass $100,000 back in February.
This prediction was part of the next halving event, effectively limiting the new supply of Bitcoin and potentially driving up its price. The market sentiment has shifted towards “extreme greed,” according to the Bitcoin Fear and Greed Index reflecting high expectations and a bullish outlook by many investors and enthusiasts, driven by halving and ETFs.