Adam Back Said It’s Still Early For the Retail Investors To Buy Bitcoin
The recent 2025 Bitcoin Conference in Las Vegas brought together some heavy hitters in the crypto space to discuss the future of Bitcoin treasury companies. Among those present were Alex Thorn of Galaxy Digital, Dan Morehead of Pantera Capital, Dan Tapiero of 10T Holdings + 1RoundTable Partners, and Adam Back of Blockstream.
In the panel discussion, Dan Tapiero emphasized the importance of individual ownership of assets, drawing parallels between Bitcoin and physical gold. He highlighted the need for further adoption and elevation of Bitcoin as a significant asset in the financial landscape.
Adam Back, the Co-founder & CEO of Blockstream, shared insights on Bitcoin treasury companies, pointing out that Blockstream has been one of the pioneers in this realm since 2014. He explained that Bitcoin serves as the base asset for treasury companies, allowing them to participate in micro arbitrage and maintain their value relative to Bitcoin.
When asked about the future price of Bitcoin, the panelists made some bold predictions. Dan Morehead foresaw a price of $750,000, Tapiero estimated $1,000,000, and Adam Back confidently stated, “a million easy.” Despite these predictions, Back reminded the audience that it is still early for retail investors to jump into the Bitcoin market.
The discussion offered valuable insights into the evolving landscape of Bitcoin treasury companies and the potential growth of Bitcoin as an asset. To delve deeper into the conversation, you can watch the full panel discussion and other sessions from the Bitcoin 2025 Conference Day 2.
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