Institutional Investment in Bitcoin is Forthcoming, but Progress is Slower than Anticipated, According to Adam Back
The recent participation of Morgan Stanley in the US spot bitcoin ETF market has been seen by some as a catalyst to end the current crypto bear market, given the vast distribution capabilities of the company's $8 trillion wealth management network. However, Blockstream CEO Adam Back cautions that the process is slower than expected. Back, an early contributor to the Bitcoin community, believes th…