‘Buy Bitcoin Now Before Governments Do!’ Says Blockstream CEO as Bitcoin Price Recovers from Crash

Adam Back, CEO of Blockstream, has encouraged retail investors to buy Bitcoin as soon as possible. Speaking at the Paris Blockchain Week 2025, Back made a compelling case for why Bitcoin should be a priority for all everyday investors. He said that as governments seek to acquire the coin, the Bitcoin price will skyrocket in the coming times. He emphasized that Bitcoin’s decentralized nature boosts its value in the long term, making it a fantastic investment for the common man.

Back Assesses Bitcoin’s future Amid Market Volatility

Back, a Bitcoin proponent, addressed the current state of the global financial markets. Markets around the globe crashed recently in what is now being dubbed the ‘Black Monday’. Trillions were wiped out of the U.S. Stock exchange alone, leading to heavy volatility on the crypto charts as well. Despite these conditions, Bitcoin has shown resilience. Other than the occasional dip or two, Bitcoin has avoided any unexpected losses. Back encouraged people to focus on Bitcoin’s future potential rather than the recent price action. He believes that Bitcoin is a strong hedge against the growing inflation.

Quantum Computing Not A Threat For Bitcoin: says Back

The Blockstream CEO also discussed the potential threat posed to Bitcoin’s security by quantum computing. He acknowledged the seriousness of the issue, but reassured investors that quantum computing technology is nowhere close to posing a real risk. He expressed confidence in the Bitcoin community and their ability to innovate and adapt by developing solutions to such issues.

As Paris Blockchain Week continues to feature crypto leaders from across the globe, Back’s opinions have renewed people’s belief in Bitcoin as a hedge against inflation. As governments scramble to create their crypto reserves, Back highlighted ‘right now’ as a good time to acquire Bitcoin. With such positive sentiments spreading across the world for Bitcoin, let’s quickly take a look at what the Bitcoin price chart looks like and how Bitcoin is recovering from the recent crash.

BTC Price Analysis: Bitcoin Makes Strong Recovery

Yesterday, trading commenced at $78,478 for Bitcoin. The conditions were oversold at the beginning of the day, warranting an upward trend. Subsequently, Bitcoin rose quickly, going towards the $79,900 resistance. But the buying pressure soon lost steam before any significant positive movement. At 2:15, the death cross on the MACD took BTC into a downtrend. By 7:05 UTC, Bitcoin dropped to $74,567. With the market now heavily oversold, the anticipated uptrend occurred and pushed Bitcoin to find new resistance at $77,500. However, Bitcoin’s initial advances thereafter were swiftly rejected. 

Chart 1: published on TradingView, April 8, 2025

A few attempts later, Bitcoin was able to spike up to $81,200 on the back of a 13:50 golden cross. With the coin now massively overbought, a correction soon arrived. Bitcoin fell to $77,500, finding some reversal at that point. Since then, Bitcoin has been on a slow ascent, with an $80,900 resistance in place. Overbought conditions followed Bitcoin’s advance to this resistance, and a downtrend had spawned. As of the latest update, the Bitcoin price had just dipped below the support. 

BTC Price Prediction: Can Bitcoin Go to $81K Today?

Bitcoin has shown a stable recovery so far, after the Black Monday crash. As of now, Bitcoin has already abandoned the $79,600 support. To add to that, there is a lack of buying pressure as the RSI stays in the gray area. Given that, it looks like this slow downtrend will persist for a few hours, if not one. If not reversed soon, it could lead to further correction for Bitcoin, taking it back to the $76,000-$77000 range.