Adam Back Urges Retail Investors to Buy Bitcoin Before Governments at Paris Blockchain Week

During the Paris Blockchain Week, Adam Back, CEO of Blockstream and one of the earliest voices of the Bitcoin space, highlighted the need for regular people to amass Bitcoin (BTC) prior to governments starting to stockpile the asset.

Speaking during a panel discussion, Back referenced a number of pertinent topics such as global trade tensions, the specter of quantum computing, and the condition of the crypto market.

Trade War, Market Volatility, and BTC Resilience

Back reacted to the concerns over the rising U.S.-China trade war, which was further fueled by Donald Trump's recent tariff moves and tough threats leveled against China. He said that the uncertainty has resulted in acute volatility not just in mainstream markets but also in cryptocurrencies.

Even though the Bitcoin BTCUSD price fell below $75,000 on Monday, Back noted that the digital currency is doing quite well under pressure. Unlike stocks that are traded traditionally, Bitcoin is traded 24/7 and lacks circuit breakers, so its moderate losses are even more impressive during a time of extreme instability.

Back also opined that Trump's economic actions are possibly more of a bargaining chip than an enduring policy, but cautioned that they will inevitably raise prices for ordinary citizens.

Retail Must Invest in Bitcoin First

Discussing speculation regarding U.S. government interest in the creation of a Bitcoin reserve, Back averred that retail investors and ordinary citizens must get a chance to invest in BTC before institutional or governmental players capture the space.

He thinks that a late move might result in missing the value proposition of the asset in the long run, particularly as Bitcoin picks up pace around the world.

Quantum Computing: A Distant Danger, Not an Immediate One

The topic also discussed the danger posed by quantum computers to cryptographic protocols such as Bitcoin. Although some within the community dismiss the problem, Back admitted it was a valid but faraway issue.

He put the possible arrival of profoundly disruptive quantum technology at decades down the road, and was positive that the developers of Bitcoin would adjust and migrate to quantum-resistance solutions if and when that became necessary.

By including relevant keywords and linking to related articles, the rewritten content aims to provide comprehensive information while enhancing search engine optimization for CryptoTelegraphs.

Join Telegram Channel For Daily New update: https://t.me/cryptotelegraphs_updates