Bitcoin

Million

<ul class="list-ic vertical"> 
 <li> 1 <a>Bitcoin price prediction by crypto influencers turned out in a new way.</a> </li> 
 <li> 2 <a>The CEO of Blockstream bets on a Bitcoin price that its price will mark a new all-time high before halving in the next year.</a> </li> 
</ul> 
Bitcoin (BTC) price prediction by crypto influencers or any industry experts are not new, while the Bitcoin optimist stays confident over their saying. There are many industry experts such as Elon Musk, Michael Saylor, Roger Ver, and Andreas Antonopoulos who generally show their support for the BTC price. 
With self-analysis and study, many of the other crypto experts also share their optimistic analysis of the BTC price. 
<h2 class="wp-block-heading" id="strong-about-the-bitcoin-betting-battle-strong">About The Bitcoin Betting Battle</h2> 
Adam Back, the Blockstream CEO, also shared his bullish sentiment for BTC price. As per his analysis, BTC will reach its all-time high (ATH) of over $100,000. According to him, for reaching its new ATH, BTC will not take many years as its price will mark ATH before halving in 2024. 
The bets related to the BTC price rise already attracted a huge sum of money previously with Balaji Srinivasan’s $1 Million 90-day BTC bet in March 2023.&nbsp; 
<blockquote class="twitter-tweet"> 
 the bet is on<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">: i bet <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> reaches or exceeds $100k between now and halving (31st Mar 2024) with <a href="https://twitter.com/Vikingobitcoin9?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@vikingobitcoin9</a> 1million sats to the winner. <a href="https://t.co/Ij7iPEYjQW" rel="noopener noreferrer nofollow">https://t.co/Ij7iPEYjQW</a> <a href="https://t.co/PNpAaZvl8F" rel="noopener noreferrer nofollow">pic.twitter.com/PNpAaZvl8F</a>— Adam Back (@adam3us) <a href="https://twitter.com/adam3us/status/1687867034158440448?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 5, 2023</a> 
</blockquote> 
With an optimistic approach to BTC price, Back is willing to drop a Million betting on it. As per his bet with a pseudonymous X user Vikingobitcoin9 on X (formerly known as Twitter), the CEO of Blockstream bets for 1 Million Satoshi (Sats). A satoshi (sat) is the smallest divisible unit of BTC while there are 100 Million sats to a single BTC. 
On August 7, 2023, Back agreed to a bet with Vikingo that BTC would reach $100,000 by March 31, 2024. However, Vinkingo believes it won’t happen until 2025. BTC price prediction by Back shows his analysis of <a href="https://www.thecoinrepublic.com/2023/08/05/bitcoin-btc-price-stuck-in-range-will-it-skim-away-30k/" target="_blank" rel="noopener noreferrer nofollow">BTC </a>future price. If his saying is right, then Vikingo owes him 1 Million Sats, and if not then Adam owes him Vikingo. 
Notably, Back has also been bullish about BTC in the past. In February 2023, Back said that BTC could reach $10 Million by the sixth halving in 2032. It can be said that this is a small bet for Blockstream CEO as his net worth is estimated to be somewhere between $50 to $300 Million. 
Samson Mow, the CEO of a gaming company, Pixelmatic also showed his support for Back’s BTC price prediction. He wrote that he too expects a new all-time high for BTC “pre-halving, not post.” This bet may be small but has attracted some responses as this still reflects an optimistic approach for the BTC price. 
<h3 class="wp-block-heading" id="strong-btc-price-performance-strong">BTC Price Performance</h3> 
Last year, <a href="https://www.thecoinrepublic.com/2023/08/02/bitcoin-addresses-in-loss-just-marked-new-one-month-high/" target="_blank" rel="noopener noreferrer nofollow">BTC </a>price surged over 26% which at press time, is trading at $29,038.00, as per the data sourced from TradingView, a web-based social network for traders. With a 24-hour trading volume of $8.26 Billion, BTC is down by 0.11% in the last 24 hours. 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
 <img decoding="async" src="https://lh4.googleusercontent.com/V6b2imijAOF8v0hFoNUNTnhhbNWWjAl1QKrfJSubsKWKGrzYVGxGL-hcWdswz1pwHfTieZxr3OQkDmTvxj7Vuzv6Ca2o0JquBzKviMQf8opq0DBpiMMCj1rg3sPHraAt_X4XAPGFoK7Jw7d94nHg8g" alt="Bitcoin Betting Battle: The Winner Will Get 1 Million Sats"> 
 <figcaption class="wp-element-caption"> Source: BTC/USD by <a href="https://www.tradingview.com/x/Banh1Xva/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
 </figcaption> 
 </figure> 
</div> 
The above chart is showing one-year price performance of BTC which clearly shows a rising graph. Currently, BTC price is trading slightly below its 20 and 50-day moving average. 
Notably, earlier this year, the RSI of BTC surpassed its overbought zone with a trading price range of nearly $23,000.00. In the recent month, BTC price dropped over 4% which is still showing bearish market sentiments. 
<h5 class="wp-block-heading">Disclaimer</h5> 
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Bitcoin Betting Battle: The Winner Will Get 1 Million Sats

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Thecoinrepublic.com

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