Institutional money is coming for bitcoin, but Adam Back says it moves slower than you think
Blockstream CEO Adam Back says institutional money flowing into Bitcoin through spot ETFs will drive long-term growth, but adoption moves slower than expected—potentially taking 12-18 months. While Morgan Stanley's entry signals major Wall Street backing, fund managers haven't yet increased allocations. Back notes Bitcoin now has durable institutional allies like BlackRock and Fidelity that transcend political administrations, creating lasting market tailwinds.
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Bitcoin’s recent rally is largely fueled by Strategy purchases: Bitwise's Hougan
MicroStrategy's consistent Bitcoin purchases have emerged as the primary driver of Bitcoin's recent 20% rally from February lows, according to Bitwise's chief investment officer. The treasury firm added $7.2 billion in Bitcoin over eight weeks, surpassing ETF inflows and whale activity. MicroStrategy now holds 818,334 BTC, exceeding BlackRock's holdings, with plans for continued acquisition through perpetual preferred stock issuance yielding 11.5%.