Just came across something pretty interesting about Adam Back's conviction on Bitcoin hitting six figures. The Blockstream CEO literally put his money where his mouth is back in 2024, betting one million Satoshis that BTC would reach $100,000 before the halving that April. At the time, that was only worth around $290, but if his prediction had played out, it would've been worth way more. Pretty bold move for someone whose net worth ranges from $50 to $300 million to make such a specific call.

What caught my attention is how casual he was about the whole thing. Instead of using dollars like everyone else does, he chose Satoshis for the bet. Some dude on X named Vinkingo pushed back, saying it wouldn't happen before 2025, but Back was confident the price would hit that mark before the April 26 halving. The guy's been making these kinds of long-term calls for years too—previously stated Bitcoin could reach $10 million by 2032 at the sixth halving.

Back's not alone in this thinking either. You've got people like Samson Mow from Jan3 and Charles Edwards from Capriole Investments making similar calls about new all-time highs before halvings. Edwards specifically mentioned how halvings make Bitcoin increasingly scarce and suggested we're in early bull cycle territory. Whether you agree with these predictions or not, there's clearly a cohort of serious Bitcoin believers who've been consistently bullish on these price targets, and they're willing to stake their reputation on it.

It's one of those moments that shows how differently crypto OGs think about conviction compared to traditional finance people. You don't see hedge fund managers betting Satoshis on market calls very often.