Blockstream co‑founder Adam Back said on November 13 that Bitcoin (BTC) should be understood as permissionless bearer money — value you control directly without intermediaries. His framing seeks to settle parts of the long-running debate over whether BTC is money, digital gold, or something else.

Cantor Fitzgerald is close to finalizing a $4 billion deal with Adam Back, acquiring over $3 billion worth of bitcoin along with additional funding for future purchases. This marks a significant move in the bitcoin investment landscape.