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The post Adam Back Shuts Down Paper Bitcoin Controversy appeared first on Coinpedia Fintech News Is there more Bitcoin in the market than there should be? That’s the latest debate heating up crypto circles. Bitcoin pioneer Adam Back stepped in this week to shut down growing claims of “paper Bitcoin” but not everyone is buying his take. Read on to know what the buzz is all about.  What’s Paper Bitcoin Anyway? The term “paper Bitcoin” refers to Bitcoin that isn’t backed by actual BTC on the blockchain. Think futures, synthetic assets, or contracts that promise exposure to Bitcoin without ever holding the real thing. Some in the community believe this “fake” BTC is flooding the market and that it’s one reason Bitcoin’s price hasn’t broken higher, despite strong institutional demand. Adam Back: “They’re Taking Delivery” Adam Back, the cypherpunk behind Hashcash and a key figure in Bitcoin’s early history, isn’t convinced. Taking to social media, he said the idea of paper Bitcoin is overblown especially when large buyers are actually holding their BTC. “Billions of btc buying price stuck in $100-110k ‘must be paper bitcoin selling’ here’s another paper debunk. The guys buying big ticket amounts of btc are taking delivery: storing with custodians.” $billions of btc buying price stuck in $100-110k “must be paper bitcoin selling” here’s another paper debunk. the guys buying big ticket amounts of btc are taking delivery: storing with custodians. i know a lot of retail are leaving on exchange, but hard to hide that much paper. — Adam Back (@adam3us) June 28, 2025 He added that hiding that much extra Bitcoin simply isn’t realistic. If billions of fake BTC were out there, we’d see signs of it. [post_titles_links postid=”476909″] Not Everyone Agrees Lawrence Lepard, an investment manager and author, fired back saying the data…

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Filed under: News - @ June 30, 2025 3:22 pm