Adam Back: Sovereign institutions and pension funds will drive the next wave of bitcoin adoption
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Blockstream CEO Adam Back stated at Consensus Miami 2026 that sovereign institutions, pension funds, and financial companies will join the next wave of Bitcoin adoption. He pointed out that recent DeFi vulnerabilities have reinforced institutions' preference for Bitcoin's security infrastructure, and believes that Bitcoin's Layer-2 systems can support tokenization and decentralized finance without altering its conservative design principles.
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