Bitcoin’s “Discount” Moment? Adam Back and Crypto Experts Weigh In

Bitcoin’s price swings have sparked debate, but according to Adam Back—cryptography expert mentioned in Satoshi Nakamoto’s Bitcoin whitepaper—BTC is “cheap” right now.

Back points to Bitcoin’s previous all-time high of $69,000 in 2021, when institutional adoption was far less prominent. Fast forward to today, and the landscape has changed. Major financial giants like BlackRock now run Bitcoin ETFs, and the U.S. has reportedly added BTC to its strategic reserves. Yet, Bitcoin trades at just $89,000—only 28% above its 2021 peak.

Max Keiser, another vocal Bitcoin advocate, predicts an imminent price surge, while Samson Mow believes any price under $1 million is a bargain. Their bullish outlook aligns with Bitcoin maximalists who view volatility as opportunity rather than risk. They see market dips as “discounts” rather than downturns.

Bitcoin’s long-term trajectory has remained upward since its inception in 2009. Whether it’s truly “cheap” depends on perspective. Institutional adoption, geopolitical factors, and monetary policies continue to shape its price, but for hardcore believers, the verdict is clear—Bitcoin is always in an uptrend, and now might be the perfect time to stack more.