Institutional Investors are Turning to Bitcoin, but Adoption Will be Slower Than Expected, Says Adam Back
The recent entry of Morgan Stanley into the US spot bitcoin ETF market has been seen by some as a catalyst for ending the current crypto bear market, given the vast distribution power of the company's $8 trillion wealth management network. However, according to Blockstream CEO Adam Back, this process will take longer than anticipated. Back, an early contributor to the Bitcoin community, believes …