Institutional Investment in Bitcoin is Forthcoming, but Progress is Slower than Anticipated, According to Adam Back
The recent involvement of Morgan Stanley in the US spot bitcoin ETF market has been viewed by some as a pivotal moment that could potentially bring an end to the current bear market in crypto, given the vast distribution capabilities of the company's $8 trillion wealth management network. However, according to Blockstream CEO Adam Back, an early contributor to the Bitcoin community, this process …