The legendary cryptographer discusses institutional money flows into bitcoin. Blockstream CEO Adam Back says spot bitcoin ETFs are a powerful long-term catalyst, but institutional adoption takes time. Back argues that the interests of major Wall Street firms such as BlackRock, Morgan Stanley and Fidelity provide a durable pro-crypto force that can outlast changes in U.S. administrations. Quantum-computing fears are a minor but real risk that institutions are beginning to evaluate. The arrival o…
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