Saylor: Bitcoin is about to rise to 1 million dollars Adam Back's 21 million BTC order has sparked attention again

Gate News bot message, Strategy CEO Michael Saylor depicted the trend of Bitcoin with a stark binary perspective, believing it is either destined to be eliminated or achieve exponential price discovery. He envisions Bitcoin soon rising to 1 million USD, reigniting discussions around Adam Back's order of 21 million BTC.

Saylor previously stated: "The winter will not come again. Bitcoin will not go to zero - it will rise to 1 million dollars." Saylor's statement emphasized his firm belief that cryptocurrencies have entered a prolonged bullish phase. Additionally, Strategy currently holds 582,000 BTC.

Blockstream CEO Adam Back quickly responded to the market scenario. In response to Saylor, he pointed out that a limit order was once placed on the cryptocurrency exchange Bitfinex to purchase all 21 million BTC at a price of $0.02 each.

Back wrote: "So, the price of Bitcoin is 1 million dollars, because it won't go to zero, because I have a limit order to buy 21 million BTC at 2 cents/BTC." His bid is higher than the 0.01 dollar quote previously proposed by Bitcoin advocate Alistair Milne.

Saylor's post has sparked widespread speculation about X, with some users predicting that the price of Bitcoin could exceed $1 million, and there is even the possibility of breaking the $13 million target previously set by the CEO of Strategy. Despite differing opinions, the mainstream sentiment reflects a strong confidence in Bitcoin's long-term growth and resilience.

Source: Bitcoin.com News