Remember that wild bet Adam Back made back in 2024? The Blockstream CEO was super confident Bitcoin would hit $100K before the April halving. He even put a million Satoshis on it with some user on X, which sounds dramatic until you do the math—at that time it was worth like $290. For someone with an estimated net worth between $50-300 million, basically pocket change.

The thing is, Back wasn't alone in this conviction. A bunch of prominent figures in the space were making similar calls. Samson Mow from Jan3 was bullish on new ATHs before the halving, and Charles Edwards from Capriole Investments went even further, saying the halving would make Bitcoin the scarcest asset on the planet and that we were just entering early stages of a bull cycle.

But here's where it gets interesting—we're now looking back from March 2026, and Bitcoin's sitting around $66.6K. The prediction didn't pan out the way Back expected. His long-term thesis though? He's talked about Bitcoin potentially reaching $10 million by the sixth halving in 2032. That's a much longer timeframe, which gives a lot more room for conviction.

What's wild is how these high-profile bets capture the market's attention. Whether it's Back's Satoshi wager or Balaji Srinivasan's million-dollar bets before him, people pay attention when someone with real credibility puts skin in the game. Even if the near-term predictions miss, it says something about how these figures view Bitcoin's long-term potential. The conversation around new all-time highs never really stops in this space—it's just a matter of when, not if, according to most of these believers.