Institutional Investment in Bitcoin is Forthcoming, but Progress is Slower than Anticipated, Says Adam Back
The recent entry of Morgan Stanley into the US spot bitcoin ETF market has been seen by some as a catalyst to end the current cryptocurrency bear market, given the vast distribution potential of the company's $8 trillion wealth management network. However, according to Blockstream CEO Adam Back, an early contributor to the Bitcoin community, this shift will not happen overnight. Back, who has bee…