The Path To $100,000 Bitcoin | Adam Back

Follow On The Margin On Spotify: https://spoti.fi/46WWQ6T Follow On The Margin On Apple Podcasts: https://apple.co/3UsnTiM Follow Blockworks Macro On YouTube: https://bit.ly/3NKpujX -- On today’s episode, Adam Back Co-Founder & CEO of Blockstream joins the show for a discussion on where we are in the Bitcoin cycle. We deep dive into the mechanics of the mining sector, developments in the lightning network, whether or not a Bitcoin ETF is good for the ethos of Bitcoin & finally why Adam believes Bitcoin under $100,000 is undervalued. To hear all this & more, you'll have. to tune in! -- Follow Adam: https://twitter.com/adam3us Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Michael: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ -- Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ -- (00:00) Introduction (00:36) Chancellor on Brink of Second Bailout for Banks (05:42) Bitcoin & Bonds (07:49) Bitcoin ETF (11:54) DAS London Plug (13:12) Where Are We In The Bitcoin Cycle? (17:44) Bitcoin's Path To $100,000 (20:17) Bitcoin Mining (37:02) Blockworks Research Ad (37:50) Does More Bitcoin Hashrate Equal More Security? (46:23) The Bitcoin Security Model (50:57) Bitcoin Ordinals (57:05) The Lightning Network -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.