Adam Back says Bitcoin price cycle is ’10x bigger’, has ’empathy’ for ETF buyers

Bitcoin OG Adam Back is used to being asked if he’s Satoshi… and has to laugh at some of the crazy conspiracy theories about Blockstream.

For a man who many believe could actually be Satoshi, Blockstream CEO Adam Back is surprisingly understanding on the question of normies buying so-called paper Bitcoin via the ETFs.

You have to have some empathy for the people who want to buy Bitcoin, but they dont know how to do it, and its too complicated, Back tells Magazine. 

There are limits to his tolerance though. You also dont really want 90% of it in ETFs or something because that might start to become a problem, says the London-born, Malta-based cryptographer.

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