Institutional Investment in Bitcoin is on the Horizon, but Progress is Slower than Expected, According to 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, thanks to the vast distribution power of the company's $8 trillion wealth management network. However, Blockstream CEO Adam Back, a renowned cryptographer and early contributor to the Bitcoin community, believes that the process will take longer tha…