Blockstream CEO Adam Back says that Bitcoin’s rise to $ 20,000 will not seem surprising to him. Blockstream CEO cast back tweetHe recently spoke about a dream he saw that the price of Bitcoin (BTC) rose to $ 20,000. In particular, he said that if this happens because of the current market conditions, the situation will not surprise him. Back said:
“I woke up this morning with a dream, which took some time to realize it was a dream. In my dream, Bitcoin went up to $ 20K overnight and then retreated to $ 16K. It didn’t look surprising given the market conditions, so it wasn’t the price that made me wake up. ”
The coronavirus crisis has created an economic turmoil that affects almost every class of being. Bitcoin was hit hard with global stocks last week. After BTC managed to recover 80 percent of its fierce decline, the US stock market’s flag index, S&P 500, pulled down once again on Friday. Due to another drop in Wall Street, BTC dropped 20 percent from its highest level yesterday. According to Bitcoin CoinMarketCap data, it is currently trading at $ 6 thousand 17.
Bitcoin May Be Higher
It should be noted that Back accurately expresses Bitcoin’s last price increase. It seems like those who make a bottom purchase will start this business soon. There is nothing clear about whether this downtrend will continue, but the Fed’s promises cannot be a better time for Bitcoin to shine after the British Central Bank says it will print an unlimited amount of money.
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