Adam Back says pension funds could drive Bitcoin’s third adoption wave
Adam Back, chief executive and co-founder of Blockstream, said in a Bitcoin Magazine program that Bitcoin adoption has unfolded in waves, starting with individuals and then exchange-traded funds, with a third phase still largely ahead. In his view, that next leg is likely to come from model portfolios, managed funds, and pension funds. The discussion also covered why Blockstream opened an office in Lugano, why it began offering consulting services, and how Swiss banks are preparing for institutional demand. Other topics listed for the episode included quantum-safe Bitcoin custody, tokenized money market funds versus stablecoins, tokenized shares on Liquid and Blockstream AMP, whether institutions should build custody systems in-house or rely on external custodians, and how regulation and Basel rules affect the cost of holding Bitcoin. The post was published by Bitcoin Magazine and written by Mark Mason. The program also carried a disclaimer stating that the views expressed were those of the participants and were provided for informational and educational purposes only, not as investment, legal, tax, or accounting advice.










