Blockstream CEO: "Selling Bitcoin is Like Playing a Losing Game"

Uk Jin

Summary

Adam Back, CEO of Blockstream, compared selling Bitcoin to 'a game with bad odds.'
He emphasized the extreme volatility and continuous upward trend of Bitcoin, stating that selling with the expectation of a decline is disadvantageous.
Bitcoin experiences extreme volatility during its rapid growth phase, but this is a stage before full adoption.

"Selling Bitcoin (BTC) is like playing a game in a casino with bad odds."

On the 27th (local time), according to the cryptocurrency-focused media outlet Cointelegraph, Adam Back, CEO of Blockstream, expressed this view in an interview.

Specifically, he explained, "Bitcoin shows extreme volatility and a continuous upward trend," adding, "Selling with the expectation of a decline is a game with bad odds." He also noted, "Assets that show rapid growth are bound to experience extreme volatility until they are close to full adoption."

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