Adam Back: Pension Funds Are the Third Wave of Bitcoin
Blockstream CEO highlights that institutional momentum will grow as asset managers and model portfolios enter the space.
Blockstream CEO Adam Back describes the entry of pension funds as the next phase of Bitcoin adoption. He classifies this movement as the third wave of growth for the asset in the global market.
The first phase was marked by retail investor adoption. The second stage occurred with the launch of Bitcoin ETFs, which facilitated access to the traditional financial market.
The current landscape involves Swiss banks preparing to meet this institutional demand. Financial institutions are seeking secure custody solutions that are resistant to quantum threats to manage these assets.
The integration process includes the use of tokenized money market funds and model portfolio management. Regulation plays a fundamental role in defining costs and custody practices for these large entities.
The entry of pension funds into the crypto asset market could increase global liquidity and raise the requirements for institutional custody infrastructure.
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