Adam Back, a key figure in the Bitcoin community and rumored by some to be Satoshi Nakamoto, has made a bullish prediction for Bitcoin’s price over the upcoming long Easter weekend. Back, known for his cypherpunk roots and leadership at Blockstream, anticipates a new all-time high for Bitcoin, citing unique market conditions. According to his analysis, the closure of traditional markets, including those trading BTC-based shares, eliminates the risk of a sell-off from GBTC due to bankruptcies. Furthermore, he believes the Coinbase platform will remain stable without its usual “circuit-breaker” crashes due to lower base volume, referencing the crash experienced by the cryptocurrency community at February’s end.

Back also highlighted the potential for Bitcoin to surpass its previous all-time high of $73,750, set on March 14, with just three $1,000 daily gains. He connected his forecast with a nod to the new “Dune” film, using the quote, “The slow blade penetrates the shield,” to imply a steady yet impactful rise to the top. This prediction comes at a time when the crypto world eagerly watches for Bitcoin’s next big move.

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