Blockstream CEO: Ordinary People Should Buy Bitcoin Before Governments

At the Paris Blockchain Week conference, Adam Back, CEO of Blockstream and longtime Bitcoin supporter, stated that ordinary people should start buying more Bitcoin before governments can potentially accept it.

At the Paris Blockchain Week conference, Adam Back, CEO of Blockstream and a longstanding advocate for Bitcoin, emphasized the importance for ordinary individuals to invest in Bitcoin before potential government adoption occurs. He discussed various topics, including the risks posed by quantum computing and the state of the current market. Back expressed confidence that Bitcoin has managed to withstand recent challenges relatively well without experiencing significant price declines.

He advised attendees to maintain a long-term perspective regarding their investments, suggesting that Trump's tariffs might be part of a broader negotiation strategy that could ultimately disadvantage the average person.

On the subject of quantum computing, Back noted that while the technology poses a future risk, it is unlikely to be fully realized for several decades. He remains optimistic that the Bitcoin community will develop countermeasures to tackle these threats well before they materialize.

Recently, Microsoft revealed advancements in quantum processors that possess exponentially greater processing and computational power compared to existing technologies. This has stirred apprehension within the cryptocurrency community, as even a minor quantum chip could potentially control over 50 percent of the Bitcoin network's hashing power.

Such a scenario could lead to a 51 percent attack, jeopardizing the integrity of Bitcoin by allowing the alteration of block information—thereby undermining its core principles of decentralization and security.

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