Adam Back, that elusive figure lurking behind Blockstream’s curtain, a cypherpunk ghost mentioned in the Bitcoin white paper—Nakamoto’s whispered accomplice—has spoken again. From the frozen wastelands of crypto turmoil, he casts his cynical gaze on the market’s flailing dance and Bitcoin’s fragile future.
Bitcoin, That Bargain Basement Gem Below $100K—A Paradox for the Ages
Back, responding to Bitwise’s oracle, Matt Hougan, conveyed a strangely warm endorsement: buy Bitcoin now, while it still dares to trade below $100,000. A “cheap” number, he calls it—like finding a Soviet-era boot on sale, because, well, nobody really wants it yet.
The chorus of agreement hums: once Bitcoin crosses that mystical $100,000 threshold, its frenzy will ignite anew. Hougan, the Bitwise prophetic, attributes the recent surge to a broken economy, cracked and worn like a prison camp wall.
“Bitcoin rallies because they broke the economy,” Back mutters, his tone darkly bemused. The U.S. government, that ever-hopeful fixer, will patch the ruins soon, and then, the rally will shift into gear, like a desperate prisoner attempting a final break for freedom—only this time fueled by dollar bills.
agreed. buy bitcoin while it’s cheap, under $100k.
— Adam Back (@adam3us) April 23, 2025
In the last 24 hours, Bitcoin surged 6.5%, a sudden burst from $88,590 to $94,355—perhaps a flicker of hope, or a cruel joke played by fate. Now, it stumbles slightly at $93,650, as if catching its breath after a futile sprint.
The Oracle Tom Lee Foresees Bitcoin’s Rise—Chasing Gold Like a Drunken Comet
Tom Lee of Fundstrat appeared on CNBC’s Squawk Box, wielding his usual mix of optimism and formulaic prophecy. Stocks, Bitcoin, gold—all swirling in his crystal ball of financial hope and despair.
Lee claims the deleveraging storm is behind us—the selling frenzy by financial institutions spent, their coffers emptied of Bitcoin, shored up only by dwindling faith.
Gold, the eternal refuge, just hit a fresh peak of $3,500 an ounce, twice in one year no less, flaunting its barbaric splendor. Lee believes Bitcoin will attempt to catch up with this golden idol, aiming for a new all-time high—an ambitious chase, like a prisoner dreaming of the outside world.
“There’s room for Bitcoin to catch gold,” he says. Indeed, and in this vast gulag of capital, perhaps hope is your last currency.
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2025-04-23 15:56