Solana

Bitcoin

Arthur

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<ul> 
 <li>Blockstream CEO Adam Back dismisses post-halving crash predictions, calling Bitcoin (BTC) undervalued at current prices.</li> 
 <li>Back attributes market sentiment to inexperienced investors, expecting long-term holders to remain bullish.</li> 
 <li>While some analysts foresee a correction, Back maintains a bullish outlook with a potential $700,000 price target for BTC.</li> 
</ul> 
<p><strong>Legendary cypherpunk and Blockstream CEO Adam Back offers a contrarian view on Bitcoin’s price action. Get expert insights on market sentiment, halving predictions, and BTC’s long-term value potential. </strong></p> 
<h2 id="strong-adam-back-on-bitcoin-s-value-super-cheap-strong"><strong>Adam Back on Bitcoin’s Value: “Super Cheap”</strong></h2> 
<p>Amidst predictions of a post-halving price correction, Adam Back, CEO of Blockstream, offers a starkly different perspective. He asserts that Bitcoin (BTC) is currently “super cheap” at $69,477, suggesting significant undervaluation.</p> 
<h3 id="strong-investor-sentiment-and-market-cycles-strong"><strong>Investor Sentiment and Market Cycles</strong></h3> 
<p>Back attributes the current market sentiment to a prevalence of inexperienced investors who may react with panic during downturns. He emphasizes the importance of weathering bear markets, stating, “The average investor… needs to be battle-hardened by a bear market or two before they truly get it.”</p> 
<h2 id="strong-conflicting-views-correction-vs-continued-growth-strong"><strong>Conflicting Views: Correction vs. Continued Growth</strong></h2> 
<p>Vailshire Capital CEO Jeff Ross foresees a potential 40% correction in BTC’s price following its recent highs, while BitMEX co-founder Arthur Hayes also predicts a pre-halving slump. Their analysis suggests that a market cooldown could precede the next major bull run.</p>
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<h3 id="strong-back-s-long-term-bullishness-strong"><strong>Back’s Long-Term Bullishness</strong></h3> 
<p>In contrast, Back remains bullish, previously stating that a $100,000 Bitcoin price is “overdue.” He envisions even higher valuations, suggesting that BTC could reach $700,000 if it were to rival gold’s market capitalization.</p> 
<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>The contrasting views of experts highlight the ongoing debate about Bitcoin’s price trajectory. While some anticipate near-term volatility, Adam Back’s perspective underscores the potential for long-term growth and the importance of understanding market cycles for seasoned investors.</p>

Bitcoin (BTC) is “Super Cheap” at $69k: Adam Back Rejects Post-Halving Crash Predictions

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