1 month ago
23
Key Takeaways
- Back expects retained seized coins only, not new purchases for the Strategic Reserve.
- $100K timeline: possible within months, “it doesn’t take many days”.
- $1M bet: Bitcoin reaches $1M before the 2028 halving, specific 24-month window.
- Jade Core: new hardware wallet launched at Bitcoin Las Vegas, full open source, Lightning support
- Back called for presidential pardon, “Free Samurai, that’s what we’d like to see”
The Strategic Reserve Reality Check
The White House crypto advisor Patrick Witt signaled a major Strategic Bitcoin Reserve announcement coming within weeks. Back’s response at Bitcoin Las Vegas was measured to the point of being a polite correction: the most likely outcome is the US simply retaining Bitcoin already seized from criminal proceedings, not making new purchases.
“Everybody buys Bitcoin at the price they deserve,” Back said, and the...
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