Adam Back: Bitcoin will usher in a larger institutional configuration

Adam Back, an early Bitcoin developer and CEO of Blockstream, recently said that US regulatory developments, such as the approval of Bitcoin spot ETFs, have provided a clear path for large institutional investors around the world to invest in compliance. He pointed out that the current entry of institutional funds is "only the beginning". With the improvement of traditional financial infrastructure (such as custody and derivatives), Bitcoin will usher in a larger institutional allocation.