Adam Back: Bitcoin Will See Larger Institutional Allocations

Adam Back, an early developer of Bitcoin and CEO of Blockstream, recently said that U.S. regulatory developments, such as the approval of the Bitcoin Spot ETF, have provided a clear path to compliant investment for large institutional investors around the world, according to Golden Finance. He noted that the current entry of institutional capital is ‘just the beginning’ and that as traditional financial infrastructure (e.g., custodianship, derivatives) improves, Bitcoin will see larger institutional allocations.